Citigroup Boosts Winnebago Industries (NYSE:WGO) Price Target to $30.00

Winnebago Industries (NYSE:WGO) had its price objective hoisted by stock analysts at Citigroup from $29.00 to $30.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the RV manufacturer’s stock. Citigroup’s price objective indicates a potential downside of 3.44% from the company’s current price.

WGO has been the subject of several other research reports. Northcoast Research lowered shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 1st. KeyCorp reissued a “sector weight” rating on shares of Winnebago Industries in a research report on Friday. Griffin Securities set a $35.00 target price on shares of Winnebago Industries in a research report on Monday, June 15th. Truist Financial cut their price target on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, Robert W. Baird cut their price target on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $37.22.

Winnebago Industries Stock Performance

WGO stock traded down $0.28 during trading on Monday, reaching $31.07. 188,392 shares of the company’s stock were exchanged, compared to its average volume of 674,091. The firm has a market cap of $878.35 million, a PE ratio of 22.78 and a beta of 1.12. The company’s fifty day moving average price is $30.10 and its 200-day moving average price is $36.82. Winnebago Industries has a 1-year low of $26.80 and a 1-year high of $50.16. 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 announced its earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). The company had revenue of $698.70 million during 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%. The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. On average, research analysts expect that Winnebago Industries will post 1.83 EPS for the current fiscal year.

Institutional Trading of Winnebago Industries

Several institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its stake in Winnebago Industries by 10.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,488 shares of the RV manufacturer’s stock valued at $101,000 after buying an additional 233 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Winnebago Industries by 4.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 5,916 shares of the RV manufacturer’s stock valued at $240,000 after purchasing an additional 244 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Winnebago Industries by 90.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after acquiring an additional 364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Winnebago Industries by 2.5% during the 1st 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 during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Winnebago Industries by 2.6% during the fourth quarter. State of Alaska Department of Revenue now owns 15,900 shares of the RV manufacturer’s stock worth $643,000 after buying an additional 402 shares during the last quarter.

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.