Winnebago Industries (NYSE:WGO) Price Target Cut to $34.00 by Analysts at KeyCorp

Winnebago Industries (NYSE:WGO - Get Free Report) had its target price cut by stock analysts at KeyCorp from $37.00 to $34.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the construction company's stock. KeyCorp's price target suggests a potential upside of 20.99% from the stock's current price.

WGO has been the topic of several other reports. DA Davidson raised shares of Winnebago Industries to a "hold" rating in a report on Monday, April 14th. Baird R W cut shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird lowered their price objective 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. Benchmark cut their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Finally, BMO Capital Markets decreased their price target on Winnebago Industries from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, June 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $47.63.

Winnebago Industries Price Performance

Shares of NYSE WGO traded down $0.14 during midday trading on Thursday, reaching $28.10. The company's stock had a trading volume of 125,622 shares, compared to its average volume of 791,828. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.17. The company has a market cap of $787.39 million, a P/E ratio of -112.53 and a beta of 1.07. The business's 50 day moving average price is $33.16 and its two-hundred day moving average price is $39.41. Winnebago Industries has a fifty-two week low of $28.08 and a fifty-two week high of $65.65.

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

Insider Activity

In other Winnebago Industries news, Director Kevin E. Bryant acquired 4,200 shares of Winnebago Industries stock in a transaction that occurred on Monday, March 31st. The shares were bought 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 directly owns 13,755 shares in the company, valued at $469,320.60. This trade represents a 43.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 4.63% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vident Advisory LLC raised its position in shares of Winnebago Industries by 2.9% during the first quarter. Vident Advisory LLC now owns 12,373 shares of the construction company's stock worth $426,000 after acquiring an additional 352 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after purchasing an additional 390 shares during the period. Swiss National Bank raised its holdings in Winnebago Industries by 0.7% during the 4th quarter. Swiss National Bank now owns 56,900 shares of the construction company's stock worth $2,719,000 after purchasing an additional 400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Winnebago Industries by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the construction company's stock worth $568,000 after purchasing an additional 401 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Winnebago Industries by 5.5% in the 1st quarter. Royal Bank of Canada now owns 9,568 shares of the construction company's stock worth $329,000 after purchasing an additional 498 shares during the period.

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.

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