Citigroup Cuts Winnebago Industries (NYSE:WGO) Price Target to $29.00

Winnebago Industries (NYSE:WGO) had its price objective decreased by analysts at Citigroup from $30.00 to $29.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the RV manufacturer’s stock. Citigroup’s target price indicates a potential upside of 5.38% from the stock’s current price.

Several other analysts also recently commented on WGO. Benchmark lowered their target price on shares of Winnebago Industries from $48.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Winnebago Industries in a research report on Friday, June 26th. Roth Capital dropped their price target on Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Wall Street Zen raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, DA Davidson restated a “neutral” rating and issued a $35.00 price objective on shares of Winnebago Industries in a research note on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.22.

Winnebago Industries Stock Up 0.8%

Shares of WGO stock traded up $0.22 during trading hours on Wednesday, reaching $27.52. The company had a trading volume of 112,410 shares, compared to its average volume of 638,957. The company has a market cap of $777.96 million, a price-to-earnings ratio of 20.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.37 and a quick ratio of 0.92. Winnebago Industries has a 12 month low of $26.80 and a 12 month high of $50.16. The business has a fifty day simple moving average of $30.70 and a 200-day simple moving average of $31.32.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.10). The company had revenue of $698.70 million for the quarter, compared to the consensus estimate of $755.67 million. Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The company’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. On average, research analysts expect that Winnebago Industries will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael Happe sold 12,045 shares of Winnebago Industries stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $32.68, for a total value of $393,630.60. Following the sale, the chief executive officer owned 349,349 shares of the company’s stock, valued at approximately $11,416,725.32. The trade was a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret Woodson sold 1,235 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total value of $39,186.55. Following the completion of the transaction, the senior vice president owned 31,373 shares in the company, valued at approximately $995,465.29. The trade was a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,694 shares of company stock worth $511,658 in the last ninety days. 4.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WGO. Tidal Investments LLC purchased a new position in shares of Winnebago Industries in the second quarter valued at $558,000. Squarepoint Ops LLC lifted its holdings in Winnebago Industries by 181.3% during the 2nd quarter. Squarepoint Ops LLC now owns 113,403 shares of the RV manufacturer’s stock worth $3,543,000 after purchasing an additional 73,084 shares in the last quarter. AXQ Capital LP bought a new position in Winnebago Industries in the 2nd quarter worth about $420,000. Maple Rock Capital Partners Inc. boosted its stake in Winnebago Industries by 33.3% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock worth $48,710,000 after purchasing an additional 389,400 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Winnebago Industries during the 2nd quarter valued at about $363,000.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products headquartered in Forest City, Iowa. Founded in 1958, the company initially became known for producing motorhomes under the Winnebago brand and has since expanded into a broad portfolio of recreational lifestyle products.

The company manufactures motorhomes, travel trailers, fifth-wheel trailers, and other towable recreational vehicles. Its brand portfolio includes Winnebago, Grand Design, Newmar, Chris-Craft, and Barletta, offering products that range from entry-level and premium RVs to luxury motor yachts and pontoon boats.

Winnebago serves customers primarily through independent dealers in the United States and Canada, with products also distributed in select international markets.