Winnebago Industries (NYSE:WGO) Stock Rating Upgraded by StockNews.com

Winnebago Industries (NYSE:WGO - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Friday.

A number of other analysts have also recently commented on WGO. BMO Capital Markets cut their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. KeyCorp decreased their target price on Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Citigroup dropped their price target on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. DA Davidson raised shares of Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. Finally, Baird R W lowered shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Five 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 a consensus target price of $51.89.

Winnebago Industries Price Performance

Shares of WGO opened at $32.67 on Friday. The business has a 50-day moving average of $34.26 and a 200-day moving average of $46.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The company has a market capitalization of $915.58 million, a price-to-earnings ratio of -49.50 and a beta of 1.49. Winnebago Industries has a 1 year low of $28.29 and a 1 year high of $66.05.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. During the same quarter last year, the business earned $0.93 EPS. The company's revenue was down 11.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current year.

Insiders Place Their Bets

In other Winnebago Industries news, Director Kevin E. Bryant bought 4,200 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the transaction, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. The trade was a 43.96 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jacqueline D. Woods sold 1,503 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.63% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CWM LLC lifted its stake in Winnebago Industries by 5.3% during the 1st quarter. CWM LLC now owns 31,227 shares of the construction company's stock valued at $1,076,000 after acquiring an additional 1,566 shares in the last quarter. Hunter Associates Investment Management LLC bought a new position in shares of Winnebago Industries during the first quarter valued at about $1,407,000. Allworth Financial LP lifted its position in shares of Winnebago Industries by 61.5% during the first quarter. Allworth Financial LP now owns 1,663 shares of the construction company's stock valued at $55,000 after purchasing an additional 633 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Winnebago Industries by 113.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 3,186 shares of the construction company's stock worth $109,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its position in Winnebago Industries by 62.1% in the 1st quarter. Aviance Capital Partners LLC now owns 43,683 shares of the construction company's stock worth $1,505,000 after purchasing an additional 16,732 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.

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