Winnebago Industries (NYSE:WGO) Price Target Raised to $37.00 at Citigroup

Winnebago Industries (NYSE:WGO - Get Free Report) had its price objective increased by research analysts at Citigroup from $36.00 to $37.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Citigroup's target price suggests a potential upside of 13.01% from the stock's previous close.

A number of other analysts have also issued reports on WGO. Baird R W lowered Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Robert W. Baird downgraded Winnebago Industries from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $50.00 to $38.00 in a report on Friday, April 4th. Truist Financial lifted their price objective on Winnebago Industries from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, BMO Capital Markets reduced their target price on Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $51.11.

Winnebago Industries Trading Down 0.3%

Shares of NYSE WGO traded down $0.09 during trading on Friday, reaching $32.74. The stock had a trading volume of 317,670 shares, compared to its average volume of 707,787. The company has a market cap of $917.54 million, a P/E ratio of -49.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The business's 50-day moving average price is $33.13 and its 200-day moving average price is $41.95. 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 issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. During the same quarter in the previous year, the firm earned $0.93 EPS. The company's revenue was down 11.9% compared to the same quarter last year. On average, equities research analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Insider Activity

In other news, Director Kevin E. Bryant purchased 4,200 shares of the firm's stock in a transaction on Monday, March 31st. The stock was bought at an average cost of $34.12 per share, for a total transaction 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 approximately $469,320.60. The trade was a 43.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Winnebago Industries

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Winnebago Industries by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock valued at $104,250,000 after buying an additional 48,517 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock valued at $78,540,000 after acquiring an additional 474,273 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Winnebago Industries by 11.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 698,647 shares of the construction company's stock worth $24,075,000 after buying an additional 73,099 shares in the last quarter. Millennium Management LLC raised its position in shares of Winnebago Industries by 1.6% in the 1st quarter. Millennium Management LLC now owns 580,256 shares of the construction company's stock valued at $19,996,000 after buying an additional 8,922 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Winnebago Industries by 2.1% during the 4th quarter. William Blair Investment Management LLC now owns 494,151 shares of the construction company's stock worth $23,611,000 after acquiring an additional 10,202 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.

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