Winnebago Industries (NYSE:WGO) Given New $35.00 Price Target at Robert W. Baird

Winnebago Industries (NYSE:WGO - Get Free Report) had its price objective dropped by Robert W. Baird from $38.00 to $35.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the construction company's stock. Robert W. Baird's price target indicates a potential upside of 19.62% from the stock's current price.

Other analysts have also issued research reports about the company. DA Davidson raised Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Citigroup upped their price objective on shares of Winnebago Industries from $36.00 to $37.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Baird R W cut shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. BMO Capital Markets cut their target price on shares of Winnebago Industries from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, June 20th. Finally, Benchmark cut their target price on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $44.33.

Winnebago Industries Trading Up 2.2%

Shares of NYSE:WGO traded up $0.63 during trading on Thursday, reaching $29.26. 1,021,089 shares of the company traded hands, compared to its average volume of 711,226. The firm has a market capitalization of $820.13 million, a price-to-earnings ratio of -49.59 and a beta of 1.07. Winnebago Industries has a 52-week low of $28.00 and a 52-week high of $65.65. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44. The business's fifty day moving average is $33.09 and its 200-day moving average is $38.77.

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

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant purchased 4,200 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of $34.12 per share, with a total value of $143,304.00. Following the transaction, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. The trade was a 43.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WGO. Vident Advisory LLC raised its holdings in Winnebago Industries by 2.9% in the first quarter. Vident Advisory LLC now owns 12,373 shares of the construction company's stock worth $426,000 after buying an additional 352 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock worth $25,000 after buying an additional 390 shares during the last quarter. Swiss National Bank raised its holdings in Winnebago Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company's stock worth $2,719,000 after buying an additional 400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Winnebago Industries by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the construction company's stock worth $568,000 after buying an additional 401 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Winnebago Industries by 5.5% in the first quarter. Royal Bank of Canada now owns 9,568 shares of the construction company's stock worth $329,000 after buying an additional 498 shares during the last quarter.

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.