Winnebago Industries (NYSE:WGO – Get Free Report) had its price objective lowered by equities research analysts at Roth Mkm from $38.00 to $32.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the RV manufacturer’s stock. Roth Mkm’s target price would suggest a potential upside of 12.89% from the company’s previous close.
Several other equities research analysts have also recently issued reports on WGO. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. DA Davidson reiterated a “neutral” rating and issued a $35.00 target price on shares of Winnebago Industries in a research report on Monday, June 15th. Northcoast Research downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Monday, June 1st. Griffin Securities set a $35.00 price target on shares of Winnebago Industries in a research report on Monday, June 15th. Finally, Wall Street Zen cut shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.70.
Read Our Latest Report on Winnebago Industries
Winnebago Industries Price Performance
Winnebago Industries (NYSE:WGO – Get Free Report) last issued its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The firm had revenue of $657.40 million for the quarter, compared to analyst estimates of $628.00 million. During the same period in the previous year, the company posted $0.19 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Winnebago Industries will post 2.34 EPS for the current year.
Institutional Investors Weigh In On Winnebago Industries
Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of Winnebago Industries by 5.5% during the 1st quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock worth $329,000 after purchasing an additional 498 shares during the period. AQR Capital Management LLC raised its position in Winnebago Industries by 283.0% in the first quarter. AQR Capital Management LLC now owns 65,104 shares of the RV manufacturer’s stock valued at $2,243,000 after purchasing an additional 48,105 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Winnebago Industries by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock worth $568,000 after purchasing an additional 401 shares in the last quarter. First Trust Advisors LP lifted its stake in Winnebago Industries by 83.9% during the second quarter. First Trust Advisors LP now owns 34,626 shares of the RV manufacturer’s stock worth $1,004,000 after purchasing an additional 15,801 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Winnebago Industries by 142.3% during the second quarter. Marshall Wace LLP now owns 233,505 shares of the RV manufacturer’s stock worth $6,772,000 after buying an additional 137,120 shares during the period.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.
In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.
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