Winnebago Industries (NYSE:WGO) Price Target Cut to $35.00 by Analysts at Robert W. Baird

Winnebago Industries (NYSE:WGO - Get Free Report) had its price objective lowered by Robert W. Baird from $38.00 to $35.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the construction company's stock. Robert W. Baird's price objective indicates a potential upside of 22.14% from the stock's previous close.

Several other analysts have also commented on the company. KeyCorp decreased their price objective on Winnebago Industries from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, June 6th. BMO Capital Markets decreased their price target on Winnebago Industries from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, June 20th. Truist Financial raised their price target on Winnebago Industries from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Citigroup upped their price objective on shares of Winnebago Industries from $36.00 to $37.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, DA Davidson raised shares of Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $44.33.

Winnebago Industries Stock Up 1.5%

Shares of NYSE:WGO traded up $0.42 during trading on Thursday, reaching $28.66. The stock had a trading volume of 1,183,070 shares, compared to its average volume of 710,168. The firm's 50-day simple moving average is $33.16 and its 200 day simple moving average is $39.41. The company has a current ratio of 2.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. Winnebago Industries has a one year low of $28.03 and a one year high of $65.65. The company has a market capitalization of $803.08 million, a P/E ratio of -114.62 and a beta of 1.07.

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

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant acquired 4,200 shares of the firm's stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the purchase, the director now owns 13,755 shares in the company, valued at approximately $469,320.60. The trade was a 43.96% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WGO. SG Americas Securities LLC purchased a new stake in shares of Winnebago Industries in the first quarter worth about $1,054,000. Prescott Group Capital Management L.L.C. purchased a new position in Winnebago Industries during the fourth quarter valued at approximately $1,433,000. Proficio Capital Partners LLC acquired a new position in Winnebago Industries in the fourth quarter valued at approximately $632,000. GAMMA Investing LLC boosted its position in Winnebago Industries by 9,187.9% in the 1st quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company's stock worth $819,000 after purchasing an additional 23,521 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Winnebago Industries by 26.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock worth $249,000 after purchasing an additional 1,503 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.