Benchmark Has Lowered Expectations for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO - Get Free Report) had its target price reduced by research analysts at Benchmark from $60.00 to $42.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Benchmark's price target indicates a potential upside of 44.78% from the stock's current price.

Other analysts also recently issued research reports about the stock. Robert W. Baird reduced their price objective on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday. Roth Capital dropped their target price on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday. Truist Financial reduced their price target on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday. KeyCorp dropped their price objective on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Citigroup cut their price objective on shares of Winnebago Industries from $37.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Winnebago Industries has a consensus rating of "Moderate Buy" and an average target price of $42.33.

Winnebago Industries Trading Down 0.9%

NYSE WGO traded down $0.26 during mid-day trading on Monday, reaching $29.01. 775,226 shares of the stock were exchanged, compared to its average volume of 711,482. The stock has a market cap of $813.15 million, a P/E ratio of -49.17 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. Winnebago Industries has a one year low of $28.00 and a one year high of $65.65. The stock has a 50 day simple moving average of $33.09 and a 200-day simple moving average of $38.77.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The company had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. During the same quarter in the prior year, the company earned $1.13 EPS. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts anticipate that Winnebago Industries will post 3.41 EPS for the current year.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Winnebago Industries in the first quarter valued at approximately $1,054,000. Prescott Group Capital Management L.L.C. bought a new position in shares of Winnebago Industries during the fourth quarter valued at about $1,433,000. Proficio Capital Partners LLC bought a new stake in Winnebago Industries in the 4th quarter worth about $632,000. GAMMA Investing LLC lifted its position in shares of Winnebago Industries by 9,187.9% during the 1st quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company's stock worth $819,000 after buying an additional 23,521 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Winnebago Industries by 26.3% in the first quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock valued at $249,000 after acquiring an additional 1,503 shares in the last quarter.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.