Citigroup Cuts Winnebago Industries (NYSE:WGO) Price Target to $33.00

Winnebago Industries (NYSE:WGO - Get Free Report) had its price target reduced by analysts at Citigroup from $37.00 to $33.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Citigroup's price objective indicates a potential upside of 16.12% from the stock's current price.

Other analysts have also recently issued reports about the stock. Robert W. Baird lowered their target price on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday. Benchmark reduced their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Wall Street Zen cut Winnebago Industries from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Truist Financial upped their price objective on shares of Winnebago Industries from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, KeyCorp lowered their target price on shares of Winnebago Industries from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Winnebago Industries presently has an average rating of "Moderate Buy" and a consensus price target of $48.00.

Winnebago Industries Stock Performance

NYSE:WGO traded up $0.18 on Thursday, reaching $28.42. 102,539 shares of the company's stock were exchanged, compared to its average volume of 791,571. The stock has a fifty day simple moving average of $33.16 and a 200-day simple moving average of $39.41. Winnebago Industries has a 52 week low of $28.08 and a 52 week high of $65.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 0.94. The firm has a market cap of $796.33 million, a price-to-earnings ratio of -113.56 and a beta of 1.07.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 3.73% and a negative net margin of 0.21%. The firm had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. During the same period last year, the company earned $1.13 earnings per share. The business's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Winnebago Industries will post 3.41 earnings per share for the current year.

Insider Activity

In other news, Director Kevin E. Bryant bought 4,200 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was purchased at an average price of $34.12 per share, with a total value of $143,304.00. Following the transaction, the director now owns 13,755 shares of the company's stock, valued at approximately $469,320.60. The trade was a 43.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.63% of the company's stock.

Institutional Investors Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of WGO. Inspire Investing LLC grew its stake in shares of Winnebago Industries by 18.4% in the first quarter. Inspire Investing LLC now owns 9,892 shares of the construction company's stock worth $341,000 after acquiring an additional 1,539 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Winnebago Industries by 2.0% in the first quarter. Empowered Funds LLC now owns 133,153 shares of the construction company's stock worth $4,588,000 after purchasing an additional 2,636 shares during the last quarter. Petrus Trust Company LTA lifted its holdings in shares of Winnebago Industries by 24.1% during the first quarter. Petrus Trust Company LTA now owns 9,852 shares of the construction company's stock valued at $340,000 after purchasing an additional 1,912 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Winnebago Industries during the first quarter valued at $3,284,000. Finally, NFJ Investment Group LLC boosted its position in shares of Winnebago Industries by 196.0% during the first quarter. NFJ Investment Group LLC now owns 164,188 shares of the construction company's stock valued at $5,658,000 after buying an additional 108,715 shares during 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.

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