Winnebago Industries (NYSE:WGO) Price Target Cut to $36.00 by Analysts at Truist Financial

Winnebago Industries (NYSE:WGO - Get Free Report) had its target price dropped by equities research analysts at Truist Financial from $40.00 to $36.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Truist Financial's target price would suggest a potential upside of 25.63% from the company's previous close.

Several other research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. Benchmark cut their price target on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Robert W. Baird cut their price target on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, KeyCorp cut their price target on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Winnebago Industries has a consensus rating of "Hold" and an average price target of $44.33.

Winnebago Industries Price Performance

NYSE:WGO traded up $0.42 during midday trading on Thursday, hitting $28.66. The company had a trading volume of 1,183,070 shares, compared to its average volume of 709,890. Winnebago Industries has a 52-week low of $28.03 and a 52-week high of $65.65. The stock's fifty day moving average price is $33.12 and its 200-day moving average price is $39.21. The company has a market capitalization of $802.94 million, a PE ratio of -48.57 and a beta of 1.07. The company has a quick ratio of 0.94, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

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

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant bought 4,200 shares of the firm's stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the purchase, the director now owns 13,755 shares of the company's stock, valued at approximately $469,320.60. This trade represents a 43.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.63% of the company's stock.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently made changes to their positions in WGO. Rhumbline Advisers increased its stake in shares of Winnebago Industries by 2.2% during the fourth quarter. Rhumbline Advisers now owns 96,821 shares of the construction company's stock valued at $4,626,000 after purchasing an additional 2,077 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Winnebago Industries by 4.9% during the fourth quarter. Principal Financial Group Inc. now owns 165,680 shares of the construction company's stock valued at $7,916,000 after acquiring an additional 7,689 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Winnebago Industries during the fourth quarter valued at approximately $632,000. Smartleaf Asset Management LLC increased its position in shares of Winnebago Industries by 270.8% during 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. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Winnebago Industries by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock valued at $29,889,000 after acquiring an additional 50,634 shares in the last quarter.

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.