Truist Financial Issues Positive Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO - Get Free Report) had its price target increased by investment analysts at Truist Financial from $38.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Truist Financial's price objective would suggest a potential upside of 14.65% from the stock's previous close.

WGO has been the topic of a number of other reports. Baird R W lowered Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp cut their target price on Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. BMO Capital Markets cut their target price on Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, Robert W. Baird lowered Winnebago Industries from an "outperform" rating to a "neutral" rating and cut their target price for the company from $50.00 to $38.00 in a research report on Friday, April 4th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.11.

Winnebago Industries Stock Up 2.4%

Winnebago Industries stock traded up $0.82 during midday trading on Tuesday, hitting $34.89. 663,047 shares of the company were exchanged, compared to its average volume of 704,531. The company's fifty day moving average price is $33.16 and its 200-day moving average price is $42.17. The company has a market cap of $977.79 million, a PE ratio of -52.86 and a beta of 1.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries has a fifty-two week low of $28.29 and a fifty-two week high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last released 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 firm had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. During the same period in the previous year, the company posted $0.93 EPS. Winnebago Industries's revenue for the quarter was down 11.9% on a year-over-year basis. On average, research analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Insider Activity at Winnebago Industries

In related news, Director Kevin E. Bryant acquired 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, for a total transaction of $143,304.00. Following the purchase, the director now directly owns 13,755 shares in the company, valued at $469,320.60. This represents a 43.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.63% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WGO. KBC Group NV grew its stake in Winnebago Industries by 64.5% during the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company's stock worth $72,000 after buying an additional 587 shares during the last quarter. Hager Investment Management Services LLC bought a new position in shares of Winnebago Industries in the fourth quarter worth $216,000. Vest Financial LLC grew its stake in shares of Winnebago Industries by 88.6% in the fourth quarter. Vest Financial LLC now owns 47,858 shares of the construction company's stock worth $2,287,000 after purchasing an additional 22,477 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Winnebago Industries by 5.1% in the fourth quarter. Empowered Funds LLC now owns 130,517 shares of the construction company's stock worth $6,236,000 after purchasing an additional 6,326 shares in the last quarter. Finally, Polaris Capital Management LLC grew its stake in shares of Winnebago Industries by 47.2% in the fourth quarter. Polaris Capital Management LLC now owns 36,467 shares of the construction company's stock worth $1,742,000 after purchasing an additional 11,700 shares in 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.