Winnebago Industries (NYSE:WGO) Stock Price Target Raised at Truist Financial

Winnebago Industries (NYSE:WGO) had its price target raised by Truist Financial from $35.00 to $39.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the RV manufacturer’s stock. Truist Financial‘s price target would indicate a potential upside of 25.20% from the company’s previous close.

Several other equities analysts have also issued reports on WGO. Raymond James Financial restated a “market perform” rating on shares of Winnebago Industries in a research report on Wednesday, October 21st. Zacks Research lowered shares of Winnebago Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 2nd. Wall Street Zen lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company began coverage on shares of Winnebago Industries in a report on Monday. They set an “underweight” rating and a $27.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 14th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.56.

Winnebago Industries Stock Performance

WGO stock opened at $31.15 on Wednesday. The business’s fifty day moving average is $27.64 and its 200-day moving average is $32.29. The company has a quick ratio of 1.04, a current ratio of 2.17 and a debt-to-equity ratio of 0.36. The company has a market cap of $887.18 million, a P/E ratio of 25.74 and a beta of 1.21. Winnebago Industries has a twelve month low of $21.95 and a twelve month high of $50.16.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share (EPS) for the quarter. Winnebago Industries had a return on equity of 4.16% and a net margin of 1.28%. Equities research analysts forecast that Winnebago Industries will post 1.93 EPS for the current year.

Insider Activity at Winnebago Industries

In related news, SVP Stacy Bogart sold 14,146 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $33.73, for a total transaction of $477,144.58. Following the transaction, the senior vice president directly owned 69,821 shares in the company, valued at approximately $2,355,062.33. The trade was a 16.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Happe sold 12,045 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the transaction, the chief executive officer owned 349,349 shares in the company, valued at approximately $11,416,725.32. The trade was a 3.33% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 29,840 shares of company stock valued at $988,803. 5.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Boston Partners raised its holdings in shares of Winnebago Industries by 15.8% in the 3rd quarter. Boston Partners now owns 136,636 shares of the RV manufacturer’s stock valued at $3,603,000 after purchasing an additional 18,630 shares during the period. Landscape Capital Management L.L.C. grew its holdings in Winnebago Industries by 209.5% during the third quarter. Landscape Capital Management L.L.C. now owns 100,785 shares of the RV manufacturer’s stock worth $2,658,000 after purchasing an additional 68,224 shares during the period. Diversified Trust Co bought a new position in Winnebago Industries during the third quarter worth about $396,000. Jacobi Capital Management LLC bought a new position in Winnebago Industries during the third quarter worth about $40,000. Finally, Penn Capital Management Company LLC increased its position in Winnebago Industries by 133.1% during the third quarter. Penn Capital Management Company LLC now owns 34,058 shares of the RV manufacturer’s stock worth $898,000 after buying an additional 19,448 shares during the last quarter.

Winnebago Industries Company Profile

Winnebago Industries, Inc. designs and manufactures recreational vehicles and marine products. Its RV lineup includes motorhomes and towable recreational vehicles, while its marine business makes pontoons and powerboats. The company sells products under brands including Winnebago, Grand Design RV, Newmar, Chris-Craft and Barletta. Its offerings serve a range of recreational customers, from RV travelers to recreational boaters. Founded in 1958, Winnebago Industries is headquartered in Eden Prairie, Minnesota, and serves customers primarily in North America through a network of independent dealers.