Winnebago Industries (NYSE:WGO) Stock Rating Upgraded by Wall Street Zen

Winnebago Industries (NYSE:WGO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Sunday.

WGO has been the subject of several other research reports. Benchmark dropped their price target 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. Baird R W lowered Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. DA Davidson raised Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Truist Financial dropped their price target on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Roth Capital dropped their price target on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Winnebago Industries presently has an average rating of "Moderate Buy" and a consensus price target of $44.33.

Winnebago Industries Price Performance

NYSE:WGO opened at $29.26 on Friday. The firm has a market capitalization of $820.13 million, a price-to-earnings ratio of -49.59 and a beta of 1.07. Winnebago Industries has a 52-week low of $28.00 and a 52-week high of $65.65. The stock has a fifty day moving average of $33.09 and a 200 day moving average of $38.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.41.

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

Insider Transactions at Winnebago Industries

In related news, Director Kevin E. Bryant acquired 4,200 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were purchased at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now owns 13,755 shares in the company, valued at approximately $469,320.60. This represents a 43.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.63% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings 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. Farther Finance Advisors LLC increased its holdings in Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after purchasing an additional 720 shares during the period. Versant Capital Management Inc increased its holdings in Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after purchasing an additional 622 shares during the period. Parallel Advisors LLC increased its holdings in Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after purchasing an additional 711 shares during the period. Finally, Signaturefd LLC purchased a new position in Winnebago Industries during the 1st quarter valued at about $31,000.

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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