Truist Financial Forecasts Strong Price Appreciation for Winnebago Industries (NYSE:WGO) Stock

Key Points

• Truist Financial raised its price target on Winnebago Industries to $39 from $35 and maintained a Buy rating, implying about 25.2% upside from the stock’s current price.
• Analyst views are mixed: MarketBeat reports a consensus Hold rating and an average target of $34.56, with three Buy, seven Hold, and three Sell ratings.
• Winnebago shares opened at $31.15; the company reported quarterly EPS of $0.49, while insiders sold 29,840 shares worth approximately $988,803 over the past 90 days.

Winnebago Industries (NYSE:WGO - Get Free Report) had its price target lifted by analysts at Truist Financial from $35.00 to $39.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the RV manufacturer's stock. Truist Financial's price objective points to a potential upside of 25.20% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Winnebago Industries from a "hold" rating to a "strong sell" rating in a research note on Monday, November 2nd. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $38.00 to $33.00 and set an "outperform" rating for the company in a research report on Thursday, October 22nd. Wells Fargo & Company started coverage on shares of Winnebago Industries in a research report on Monday. They set an "underweight" rating and a $27.00 target price for the company. Wall Street Zen downgraded shares of Winnebago Industries from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Seaport Research Partners started coverage on shares of Winnebago Industries in a research report on Monday, July 27th. They issued a "neutral" rating on the stock. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $34.56.

Winnebago Industries Price Performance

Winnebago Industries stock opened at $31.15 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.17 and a quick ratio of 1.04. The company has a market capitalization of $887.18 million, a PE ratio of 25.74 and a beta of 1.21. Winnebago Industries has a one year low of $21.95 and a one year high of $50.16. The business has a 50 day simple moving average of $27.64 and a 200 day simple moving average of $32.29.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share for the quarter. Winnebago Industries had a return on equity of 4.16% and a net margin of 1.28%. On average, sell-side analysts forecast that Winnebago Industries will post 1.93 EPS for the current fiscal year.

Insider Activity

In related news, SVP Bret A. Woodson sold 1,235 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total transaction of $39,186.55. Following the transaction, the senior vice president owned 31,373 shares in the company, valued at $995,465.29. This represents a 3.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Stacy L. Bogart sold 14,146 shares of the stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $33.73, for a total transaction of $477,144.58. Following the sale, the senior vice president directly owned 69,821 shares in the company, valued at approximately $2,355,062.33. This represents a 16.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 29,840 shares of company stock worth $988,803. 5.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors have recently modified their holdings of WGO. GAMMA Investing LLC increased its position in Winnebago Industries by 145.2% in the third quarter. GAMMA Investing LLC now owns 954 shares of the RV manufacturer's stock worth $25,000 after purchasing an additional 565 shares during the period. Allworth Financial LP acquired a new position in Winnebago Industries during the 2nd quarter valued at about $33,000. Versant Capital Management Inc lifted its position in Winnebago Industries by 365.6% during the 3rd quarter. Versant Capital Management Inc now owns 1,313 shares of the RV manufacturer's stock valued at $35,000 after purchasing an additional 1,031 shares during the period. Jacobi Capital Management LLC bought a new position in shares of Winnebago Industries in the 3rd quarter valued at about $40,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Winnebago Industries in the 2nd quarter valued at about $74,000.

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.

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