BMO Capital Markets Issues Pessimistic Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO - Get Free Report) had its price objective lowered by stock analysts at BMO Capital Markets from $60.00 to $50.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the construction company's stock. BMO Capital Markets' price objective would indicate a potential upside of 61.13% from the company's current price.

Several other research firms have also issued reports on WGO. DA Davidson raised shares of Winnebago Industries to a "hold" rating in a report on Monday, April 14th. KeyCorp dropped their price objective on Winnebago Industries from $40.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. Baird R W downgraded Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird downgraded Winnebago Industries from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 in a research note on Friday, April 4th. Finally, Benchmark cut their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.00.

Winnebago Industries Stock Down 0.8%

Winnebago Industries stock traded down $0.25 during mid-day trading on Friday, reaching $31.03. The stock had a trading volume of 243,199 shares, compared to its average volume of 781,650. Winnebago Industries has a one year low of $28.28 and a one year high of $65.65. The company has a 50-day moving average price of $33.16 and a two-hundred day moving average price of $40.14. The company has a market capitalization of $869.46 million, a price-to-earnings ratio of -124.12 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 0.94.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a negative net margin of 0.21% and a positive return on equity of 3.73%. The business had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. During the same period last year, the firm earned $0.93 earnings per share. The company's quarterly revenue was down 11.9% on a year-over-year basis. On average, analysts expect that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Kevin E. Bryant bought 4,200 shares of Winnebago Industries stock in a transaction dated Monday, March 31st. The shares were acquired at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the purchase, the director now owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in Winnebago Industries in the 1st quarter worth about $1,054,000. Prescott Group Capital Management L.L.C. purchased a new position in shares of Winnebago Industries during the fourth quarter worth approximately $1,433,000. Proficio Capital Partners LLC bought a new stake in shares of Winnebago Industries during the fourth quarter valued at approximately $632,000. Charles Schwab Investment Management Inc. raised its stake in shares of Winnebago Industries by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock valued at $29,889,000 after acquiring an additional 50,634 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Winnebago Industries by 9,187.9% in the first quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company's stock valued at $819,000 after purchasing an additional 23,521 shares during the period.

Winnebago Industries Company Profile

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.

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