Winnebago Industries (NYSE:WGO) Price Target Cut to $35.00 by Analysts at Truist Financial

Winnebago Industries (NYSE:WGO) had its target price decreased by investment analysts at Truist Financial from $43.00 to $35.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the RV manufacturer’s stock. Truist Financial’s price objective indicates a potential upside of 20.73% from the company’s previous close.

A number of other research firms also recently issued reports on WGO. KeyCorp reiterated a “sector weight” rating on shares of Winnebago Industries in a research note on Friday, June 26th. Benchmark reduced their price objective on shares of Winnebago Industries from $48.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Wall Street Zen lowered Winnebago Industries from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. DA Davidson reaffirmed a “neutral” rating and set a $35.00 target price on shares of Winnebago Industries in a research report on Monday, June 15th. Finally, Griffin Securities set a $35.00 price target on Winnebago Industries in a report on Monday, June 15th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.33.

Winnebago Industries Stock Down 6.1%

Shares of WGO stock traded down $1.89 on Wednesday, hitting $28.99. The stock had a trading volume of 174,798 shares, compared to its average volume of 683,068. Winnebago Industries has a one year low of $26.80 and a one year high of $50.16. The business has a 50 day moving average price of $29.83 and a 200 day moving average price of $36.39. The company has a market cap of $819.52 million, a PE ratio of 21.38 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.10). The business had revenue of $698.70 million for the quarter, compared to the consensus estimate of $755.67 million. Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The firm’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Research analysts anticipate that Winnebago Industries will post 1.81 earnings per share for the current fiscal year.

Institutional Trading of Winnebago Industries

Several large investors have recently added to or reduced their stakes in the company. UBS Group AG raised its stake in shares of Winnebago Industries by 224.7% in the fourth quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock worth $54,870,000 after purchasing an additional 937,140 shares during the last quarter. De Lisle Partners LLP boosted its position in Winnebago Industries by 938.3% in the fourth quarter. De Lisle Partners LLP now owns 152,411 shares of the RV manufacturer’s stock valued at $6,183,000 after buying an additional 137,732 shares during the last quarter. Unison Advisors LLC purchased a new stake in Winnebago Industries in the fourth quarter valued at approximately $778,000. Prescott Group Capital Management L.L.C. acquired a new position in Winnebago Industries in the 4th quarter worth approximately $810,000. Finally, Legato Capital Management LLC increased its holdings in Winnebago Industries by 162.3% in the 4th quarter. Legato Capital Management LLC now owns 56,108 shares of the RV manufacturer’s stock worth $2,273,000 after buying an additional 34,719 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.