Winnebago Industries (NYSE:WGO) Price Target Cut to $29.00 by Analysts at Citigroup

Winnebago Industries (NYSE:WGO) had its price target lowered by investment analysts at Citigroup from $30.00 to $29.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the RV manufacturer’s stock. Citigroup’s target price points to a potential upside of 5.38% from the company’s previous close.

WGO has been the topic of a number of other research reports. Benchmark dropped their price target on shares of Winnebago Industries from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Seaport Research Partners began coverage on shares of Winnebago Industries in a research report on Monday, July 27th. They set a “neutral” rating for the company. BMO Capital Markets decreased their price objective on shares of Winnebago Industries from $48.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Roth Capital lowered their target price on shares of Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, June 23rd. Finally, DA Davidson restated a “neutral” rating and issued a $35.00 target price on shares of Winnebago Industries in a report on Monday, June 15th. Three 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 presently has a consensus rating of “Hold” and an average target price of $36.22.

Winnebago Industries Trading Up 0.8%

Shares of NYSE WGO traded up $0.22 during trading on Wednesday, reaching $27.52. The company had a trading volume of 112,410 shares, compared to its average volume of 638,957. The company’s fifty day moving average price is $30.70 and its 200-day moving average price is $31.32. Winnebago Industries has a 12 month low of $26.80 and a 12 month high of $50.16. The stock has a market cap of $777.96 million, a P/E ratio of 20.33 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 quarterly earnings data 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). Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The company had revenue of $698.70 million for the quarter, compared to the consensus estimate of $755.67 million. During the same quarter last year, the business earned $0.81 earnings per share. Winnebago Industries’s revenue was down 9.9% compared to the same quarter last year. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. As a group, research analysts expect that Winnebago Industries will post 1.81 earnings per share for the current year.

Insider Transactions at Winnebago Industries

In related news, 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 directly owned 349,349 shares of the company’s stock, valued at $11,416,725.32. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 2,414 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.66, for a total value of $78,841.24. Following the transaction, the senior vice president directly owned 31,274 shares in the company, valued at approximately $1,021,408.84. This trade represents a 7.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,694 shares of company stock worth $511,658 in the last three months. Insiders own 4.88% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently modified their holdings of WGO. Pzena Investment Management LLC bought a new position in shares of Winnebago Industries in the 2nd quarter worth $53,406,000. Dimensional Fund Advisors LP raised its holdings in Winnebago Industries by 8.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock worth $48,968,000 after buying an additional 129,228 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its stake in shares of Winnebago Industries by 33.3% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock valued at $48,710,000 after buying an additional 389,400 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Winnebago Industries by 72.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after buying an additional 280,017 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its holdings in shares of Winnebago Industries by 300.6% during the first quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock valued at $17,771,000 after buying an additional 430,300 shares during the last quarter.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products headquartered in Forest City, Iowa. Founded in 1958, the company initially became known for producing motorhomes under the Winnebago brand and has since expanded into a broad portfolio of recreational lifestyle products.

The company manufactures motorhomes, travel trailers, fifth-wheel trailers, and other towable recreational vehicles. Its brand portfolio includes Winnebago, Grand Design, Newmar, Chris-Craft, and Barletta, offering products that range from entry-level and premium RVs to luxury motor yachts and pontoon boats.

Winnebago serves customers primarily through independent dealers in the United States and Canada, with products also distributed in select international markets.