Roth Capital Lowers Winnebago Industries (NYSE:WGO) Price Target to $30.00

Winnebago Industries (NYSE:WGO - Get Free Report) had its price target reduced by equities research analysts at Roth Capital from $37.00 to $30.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the construction company's stock. Roth Capital's target price points to a potential upside of 4.17% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird dropped their price target 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. Truist Financial reduced their price target on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday. BMO Capital Markets decreased their target price on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research report on Thursday. Benchmark dropped their target price on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Winnebago Industries has an average rating of "Hold" and an average target price of $44.33.

Winnebago Industries Stock Up 2.0%

Shares of WGO stock traded up $0.56 during trading hours on Thursday, reaching $28.80. 640,280 shares of the company's stock were exchanged, compared to its average volume of 708,138. The stock has a market cap of $807.06 million, a PE ratio of -115.08 and a beta of 1.07. Winnebago Industries has a 1 year low of $28.03 and a 1 year high of $65.65. The company has a current ratio of 2.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. The stock's fifty day moving average price is $33.16 and its two-hundred day moving average price is $39.41.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The company had revenue of $775.10 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. Research analysts predict that Winnebago Industries will post 3.41 EPS for the current year.

Insiders Place Their Bets

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 purchased at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the acquisition, the director now directly owns 13,755 shares of the company's stock, valued at $469,320.60. This trade represents a 43.96% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after acquiring an additional 390 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Winnebago Industries by 36,000.0% in the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after purchasing an additional 720 shares in the last quarter. Versant Capital Management Inc increased its position in Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock worth $28,000 after purchasing an additional 622 shares during the period. Parallel Advisors LLC raised its stake in shares of Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after buying an additional 711 shares in the last quarter. Finally, Signaturefd LLC acquired a new stake in shares of Winnebago Industries in the 1st quarter valued at approximately $31,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.