Winnebago Industries (NYSE:WGO) Price Target Lowered to $40.00 at Benchmark

Winnebago Industries (NYSE:WGOGet Free Report) had its target price decreased by analysts at Benchmark from $48.00 to $40.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the RV manufacturer’s stock. Benchmark’s target price suggests a potential upside of 41.34% from the company’s previous close.

Several other research analysts have also recently issued reports on WGO. Truist Financial decreased their price objective on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Wall Street Zen cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Roth Mkm cut their target price on Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday. BMO Capital Markets decreased their price target on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Finally, DA Davidson reiterated a “neutral” rating and set a $35.00 price target on shares of Winnebago Industries in a research report on Monday, June 15th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Winnebago Industries presently has a consensus rating of “Hold” and a consensus target price of $37.90.

View Our Latest Report on WGO

Winnebago Industries Stock Performance

Shares of WGO traded down $0.02 during trading hours on Tuesday, reaching $28.30. 148,066 shares of the company’s stock traded hands, compared to its average volume of 637,126. The firm has a market capitalization of $800.04 million, a price-to-earnings ratio of 19.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99. Winnebago Industries has a twelve month low of $27.29 and a twelve month high of $50.16. The business’s fifty day simple moving average is $30.35 and its two-hundred day simple moving average is $37.06.

Winnebago Industries (NYSE:WGOGet Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $657.40 million during the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 earnings per share. Analysts predict that Winnebago Industries will post 2.34 earnings per share for the current year.

Hedge Funds Weigh In On Winnebago Industries

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in Winnebago Industries by 5.5% during the 1st quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock valued at $329,000 after purchasing an additional 498 shares during the period. AQR Capital Management LLC boosted its position in shares of Winnebago Industries by 283.0% in the first quarter. AQR Capital Management LLC now owns 65,104 shares of the RV manufacturer’s stock worth $2,243,000 after buying an additional 48,105 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Winnebago Industries by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock worth $568,000 after buying an additional 401 shares during the period. First Trust Advisors LP grew its holdings in shares of Winnebago Industries by 83.9% during the second quarter. First Trust Advisors LP now owns 34,626 shares of the RV manufacturer’s stock valued at $1,004,000 after buying an additional 15,801 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings 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 valued at $6,772,000 after buying an additional 137,120 shares in the last quarter.

Winnebago Industries Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Winnebago Industries (NYSE:WGO)

Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.