Winnebago Industries (NYSE:WGO) Given Neutral Rating at DA Davidson

Winnebago Industries (NYSE:WGO)‘s stock had its “neutral” rating reissued by stock analysts at DA Davidson in a report issued on Monday,Benzinga reports. They currently have a $35.00 price target on the RV manufacturer’s stock. DA Davidson’s price target points to a potential upside of 18.51% from the stock’s previous close.

Several other equities analysts have also weighed in on WGO. Robert W. Baird reduced their price target on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Truist Financial reduced their target price on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Wall Street Zen lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Weiss Ratings downgraded shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, Northcoast Research cut shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 1st. 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.70.

Winnebago Industries Trading Up 1.0%

Shares of WGO traded up $0.29 during mid-day trading on Monday, reaching $29.53. The company had a trading volume of 431,954 shares, compared to its average volume of 632,145. Winnebago Industries has a fifty-two week low of $27.29 and a fifty-two week high of $50.16. The firm has a fifty day simple moving average of $30.68 and a 200-day simple moving average of $37.40. The stock has a market cap of $834.90 million, a price-to-earnings ratio of 20.10 and a beta of 1.12. The company has a current ratio of 2.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $657.40 million for the quarter, compared to analysts’ expectations of $628.00 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. On average, sell-side analysts anticipate that Winnebago Industries will post 2.34 EPS for the current fiscal year.

Institutional Trading of Winnebago Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its position in Winnebago Industries by 90.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after purchasing an additional 364 shares in the last quarter. Clearstead Advisors LLC bought a new stake in shares of Winnebago Industries during the 4th quarter worth about $35,000. Hantz Financial Services Inc. boosted its stake in Winnebago Industries by 36.2% during the 4th quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock valued at $66,000 after purchasing an additional 435 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after acquiring an additional 309 shares during the period. Finally, Aster Capital Management DIFC Ltd boosted its holdings in Winnebago Industries by 3,661.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,558 shares of the RV manufacturer’s stock valued at $104,000 after purchasing an additional 2,490 shares during the period.

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.