Truist Financial Lowers Winnebago Industries (NYSE:WGO) Price Target to $64.00

Winnebago Industries (NYSE:WGO) had its price target lowered by Truist Financial from $68.00 to $64.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target suggests a potential upside of 19.58% from the company’s current price.

A number of other research firms also recently commented on WGO. Robert W. Baird cut their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday. Benchmark dropped their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Friday, October 18th. Citigroup raised their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets lowered their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.14.

Winnebago Industries Stock Up 2.5 %

WGO opened at $53.52 on Thursday. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.55 billion, a P/E ratio of 20.66 and a beta of 1.61. Winnebago Industries has a 52 week low of $49.68 and a 52 week high of $75.42. The business’s fifty day simple moving average is $57.72 and its 200 day simple moving average is $58.61.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The business had revenue of $720.90 million for the quarter, compared to analysts’ expectations of $718.72 million. During the same quarter last year, the company posted $1.59 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Winnebago Industries will post 4.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WGO. Louisiana State Employees Retirement System lifted its holdings in shares of Winnebago Industries by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock valued at $797,000 after buying an additional 200 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Winnebago Industries by 5.0% during the first quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company’s stock valued at $425,000 after purchasing an additional 274 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after purchasing an additional 286 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Winnebago Industries by 5.0% during the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock valued at $333,000 after purchasing an additional 294 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after purchasing an additional 316 shares during 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.