Winnebago Industries (NYSE:WGO) Price Target Cut to $42.00 by Analysts at BMO Capital Markets

Winnebago Industries (NYSE:WGO - Get Free Report) had its price objective cut by stock analysts at BMO Capital Markets from $50.00 to $42.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the construction company's stock. BMO Capital Markets' price objective would suggest a potential upside of 46.67% from the company's previous close.

Several other equities analysts also recently commented on the stock. Wall Street Zen downgraded shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Citigroup reduced their price objective on shares of Winnebago Industries from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Thursday. KeyCorp lowered their target price on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday. Benchmark lowered their price target on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Baird R W lowered Winnebago Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $46.13.

Winnebago Industries Trading Up 1.4%

Shares of WGO stock traded up $0.40 during trading on Thursday, hitting $28.64. 552,520 shares of the stock traded hands, compared to its average volume of 707,775. The firm's fifty day moving average price is $33.16 and its 200-day moving average price is $39.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 0.94. The firm has a market capitalization of $802.52 million, a P/E ratio of -114.71 and a beta of 1.07. Winnebago Industries has a 52-week low of $28.03 and a 52-week high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $775.10 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 EPS. As a group, research analysts forecast that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kevin E. Bryant purchased 4,200 shares of the business's stock in a transaction 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 approximately $469,320.60. This trade represents a 43.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.63% of the company's stock.

Institutional Trading of Winnebago Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Winnebago Industries during the 1st quarter valued at approximately $1,054,000. Prescott Group Capital Management L.L.C. acquired a new stake in Winnebago Industries during the fourth quarter valued at approximately $1,433,000. Proficio Capital Partners LLC bought a new position in Winnebago Industries during the 4th quarter worth approximately $632,000. GAMMA Investing LLC grew its position in shares of 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 acquiring an additional 23,521 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Winnebago Industries by 26.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock valued at $249,000 after acquiring an additional 1,503 shares during 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.

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