Winnebago Industries (NYSE:WGO – Get Free Report) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.
Other equities research analysts have also issued reports about the company. Citigroup upped their price objective on Winnebago Industries from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Griffin Securities set a $35.00 price target on Winnebago Industries in a report on Monday, June 15th. Northcoast Research cut Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 1st. Roth Capital lowered their price objective on Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 23rd. Finally, Truist Financial lowered their price target on shares of Winnebago Industries from $43.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Winnebago Industries has an average rating of “Hold” and a consensus price target of $36.33.
Winnebago Industries Trading Up 3.5%
Winnebago Industries (NYSE:WGO – Get Free Report) last announced its quarterly earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.10). The firm had revenue of $698.70 million for the quarter, compared to the consensus estimate of $755.67 million. Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. Winnebago Industries’s revenue was down 9.9% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. As a group, equities analysts predict that Winnebago Industries will post 1.81 earnings per share for the current fiscal year.
Insider Transactions at Winnebago Industries
In other news, SVP Bret A. Woodson sold 2,414 shares of Winnebago Industries stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.66, for a total value of $78,841.24. Following the sale, the senior vice president directly owned 31,274 shares of the company’s stock, valued at approximately $1,021,408.84. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael J. Happe sold 12,045 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the completion of the sale, the chief executive officer owned 349,349 shares in the company, valued at $11,416,725.32. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 15,694 shares of company stock valued at $511,658. Company insiders own 4.88% of the company’s stock.
Institutional Investors Weigh In On Winnebago Industries
Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in Winnebago Industries by 2,413.7% in the second quarter. California State Teachers Retirement System now owns 932,670 shares of the RV manufacturer’s stock worth $29,855,000 after purchasing an additional 895,566 shares in the last quarter. AXQ Capital LP purchased a new stake in Winnebago Industries in the second quarter worth about $420,000. Maple Rock Capital Partners Inc. grew its holdings in Winnebago Industries by 33.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock worth $48,710,000 after acquiring an additional 389,400 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Winnebago Industries during the 2nd quarter worth about $363,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Winnebago Industries by 196.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,366 shares of the RV manufacturer’s stock valued at $74,000 after purchasing an additional 1,567 shares during the period.
About Winnebago Industries
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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