Winnebago Industries (NYSE:WGO) Given New $66.00 Price Target at DA Davidson

Winnebago Industries (NYSE:WGO) had its price target increased by research analysts at DA Davidson from $64.00 to $66.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. DA Davidson’s price objective indicates a potential downside of 8.68% from the company’s current price.

Several other analysts have also recently issued reports on the stock. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Roth Mkm reiterated a “neutral” rating and issued a $70.00 price objective on shares of Winnebago Industries in a report on Thursday, March 21st. Finally, Truist Financial decreased their price objective on shares of Winnebago Industries from $74.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $71.80.

Winnebago Industries Price Performance

Shares of WGO stock opened at $72.27 on Tuesday. The firm’s 50-day moving average is $67.77 and its two-hundred day moving average is $65.54. The company has a market capitalization of $2.12 billion, a PE ratio of 21.64 and a beta of 1.71. Winnebago Industries has a 12 month low of $54.70 and a 12 month high of $75.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.52.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, March 21st. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $703.60 million for the quarter, compared to analyst estimates of $692.63 million. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. Analysts predict that Winnebago Industries will post 5.36 earnings per share for the current year.

Insider Activity

In other Winnebago Industries news, SVP Christopher David West sold 13,564 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $69.08, for a total transaction of $937,001.12. Following the completion of the transaction, the senior vice president now directly owns 26,309 shares in the company, valued at $1,817,425.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.75% of the stock is owned by company insiders.

Institutional Trading of Winnebago Industries

Large investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC acquired a new stake in Winnebago Industries in the third quarter worth about $1,452,000. Pacer Advisors Inc. grew its position in shares of Winnebago Industries by 44.7% during the 4th quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock worth $49,212,000 after buying an additional 208,452 shares during the period. Qube Research & Technologies Ltd grew its position in shares of Winnebago Industries by 179.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 81,466 shares of the construction company’s stock worth $4,843,000 after buying an additional 52,286 shares during the period. Nordea Investment Management AB grew its position in shares of Winnebago Industries by 33.7% during the 3rd quarter. Nordea Investment Management AB now owns 173,402 shares of the construction company’s stock worth $10,493,000 after buying an additional 43,682 shares during the period. Finally, Quantbot Technologies LP grew its position in shares of Winnebago Industries by 934.7% during the 3rd quarter. Quantbot Technologies LP now owns 18,439 shares of the construction company’s stock worth $1,096,000 after buying an additional 16,657 shares during the period.

About Winnebago Industries

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.