Benchmark Issues Pessimistic Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price objective decreased by equities research analysts at Benchmark from $48.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the RV manufacturer’s stock. Benchmark’s target price suggests a potential upside of 41.34% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Citigroup downgraded Winnebago Industries from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $30.00 in a report on Wednesday, May 27th. Wall Street Zen downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Griffin Securities set a $35.00 price target on Winnebago Industries in a research report on Monday, June 15th. Northcoast Research cut Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Monday, June 1st. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of Winnebago Industries in a report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $37.90.

Winnebago Industries Stock Down 0.1%

WGO stock traded down $0.02 during mid-day trading on Tuesday, hitting $28.30. 148,066 shares of the company were exchanged, compared to its average volume of 637,126. The company has a market capitalization of $800.04 million, a PE ratio of 19.27 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 has a twelve month low of $27.29 and a twelve month high of $50.16. The firm has a fifty day simple moving average of $30.35 and a 200 day simple moving average of $37.06.

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

Hedge Funds Weigh In On Winnebago Industries

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in Winnebago Industries by 10.3% during 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 purchasing an additional 233 shares during the period. Verdence Capital Advisors LLC increased its stake 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 during the period. Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $26,000 after buying an additional 364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Winnebago Industries by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock valued at $568,000 after buying an additional 401 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position 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 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.