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

Winnebago Industries (NYSE:WGO - Get Free Report) had its target price reduced by analysts at KeyCorp from $40.00 to $37.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the construction company's stock. KeyCorp's price objective suggests a potential upside of 11.14% from the company's current price.

Several other research analysts also recently commented on WGO. Baird R W downgraded shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird lowered shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $50.00 to $38.00 in a research note on Friday, April 4th. Benchmark reduced their target price on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Finally, Citigroup lowered their price objective on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $51.78.

Winnebago Industries Price Performance

Shares of WGO opened at $33.29 on Friday. The company has a market capitalization of $932.95 million, a price-to-earnings ratio of -50.41 and a beta of 1.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. Winnebago Industries has a fifty-two week low of $28.29 and a fifty-two week high of $65.65. The firm has a 50-day simple moving average of $33.13 and a 200-day simple moving average of $41.95.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. During the same period in the prior year, the firm posted $0.93 earnings per share. The firm's revenue was down 11.9% on a year-over-year basis. On average, equities research analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Winnebago Industries

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Winnebago Industries by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock worth $104,250,000 after buying an additional 48,517 shares during the last quarter. First Trust Advisors LP raised its position in Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock worth $78,540,000 after acquiring an additional 474,273 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Winnebago Industries by 11.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 698,647 shares of the construction company's stock worth $24,075,000 after acquiring an additional 73,099 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Winnebago Industries by 1.6% during the first quarter. Millennium Management LLC now owns 580,256 shares of the construction company's stock worth $19,996,000 after buying an additional 8,922 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Winnebago Industries by 2.1% in the 4th quarter. William Blair Investment Management LLC now owns 494,151 shares of the construction company's stock valued at $23,611,000 after buying an additional 10,202 shares during the period.

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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