Winnebago Industries (NYSE:WGO) Stock Rating Lowered by StockNews.com

Winnebago Industries (NYSE:WGO - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Thursday.

WGO has been the subject of a number of other reports. Roth Mkm reiterated a "neutral" rating and issued a $70.00 price objective on shares of Winnebago Industries in a report on Thursday, March 21st. DA Davidson upped their price objective on shares of Winnebago Industries from $64.00 to $66.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Truist Financial cut their price objective on shares of Winnebago Industries from $74.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $71.80.

Winnebago Industries Stock Up 2.5 %

NYSE:WGO traded up $1.77 during trading hours on Thursday, hitting $74.00. 597,649 shares of the stock traded hands, compared to its average volume of 607,546. The firm has a 50 day moving average price of $67.90 and a 200 day moving average price of $65.60. The company has a current ratio of 2.84, a quick ratio of 1.52 and a debt-to-equity ratio of 0.52. Winnebago Industries has a fifty-two week low of $54.70 and a fifty-two week high of $75.42. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 22.16 and a beta of 1.71.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings results on Thursday, March 21st. The construction company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. The business had revenue of $703.60 million for the quarter, compared to analysts' expectations of $692.63 million. Equities research analysts anticipate that Winnebago Industries will post 5.36 earnings per share for the current year.

Insider Activity

In other Winnebago Industries news, SVP Christopher David West sold 13,564 shares of the firm's stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $69.08, for a total value of $937,001.12. Following the transaction, the senior vice president now directly owns 26,309 shares of the company's stock, valued at $1,817,425.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Winnebago Industries in the fourth quarter worth $30,000. State of Wyoming acquired a new stake in shares of Winnebago Industries during the fourth quarter worth $26,000. Harbour Investments Inc. raised its holdings in shares of Winnebago Industries by 164.5% during the fourth quarter. Harbour Investments Inc. now owns 529 shares of the construction company's stock worth $39,000 after acquiring an additional 329 shares during the period. Principal Securities Inc. acquired a new stake in shares of Winnebago Industries during the fourth quarter worth $39,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Winnebago Industries by 71.8% during the first quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company's stock worth $34,000 after acquiring an additional 260 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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