Winnebago Industries (NYSE:WGO) Given New $39.00 Price Target at Truist Financial

Winnebago Industries (NYSE:WGO) had its price target increased by Truist Financial from $35.00 to $39.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the RV manufacturer’s stock.

Other equities analysts have also issued research reports about the stock. Citigroup upped their price objective on shares of Winnebago Industries from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Wall Street Zen downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. BMO Capital Markets decreased their target price on Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, October 22nd. Wells Fargo & Company assumed coverage on Winnebago Industries in a research note on Monday. They set an “underweight” rating and a $27.00 price target on the stock. Finally, Weiss Ratings lowered Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.56.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $31.59 on Wednesday. The company has a market cap of $899.68 million, a price-to-earnings ratio of 26.11 and a beta of 1.21. Winnebago Industries has a 52 week low of $21.95 and a 52 week high of $50.16. The company has a quick ratio of 1.04, a current ratio of 2.17 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $27.69 and a 200-day moving average of $32.22.

Winnebago Industries (NYSE:WGO) last released its earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share (EPS) for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. On average, equities analysts forecast that Winnebago Industries will post 1.93 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Stacy L. Bogart sold 14,146 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $33.73, for a total value of $477,144.58. Following the transaction, the senior vice president owned 69,821 shares in the company, valued at $2,355,062.33. This trade represents a 16.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bret A. Woodson sold 1,235 shares of Winnebago Industries stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total value of $39,186.55. Following the transaction, the senior vice president directly owned 31,373 shares in the company, valued at approximately $995,465.29. The trade was a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.42% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors have recently bought and sold shares of the stock. Boston Partners grew its position in Winnebago Industries by 15.8% in the 3rd quarter. Boston Partners now owns 136,636 shares of the RV manufacturer’s stock worth $3,603,000 after purchasing an additional 18,630 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of Winnebago Industries by 209.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 100,785 shares of the RV manufacturer’s stock worth $2,658,000 after buying an additional 68,224 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Winnebago Industries in the 3rd quarter worth approximately $396,000. Jacobi Capital Management LLC bought a new position in shares of Winnebago Industries in the third quarter valued at approximately $40,000. Finally, Penn Capital Management Company LLC grew its holdings in shares of Winnebago Industries by 133.1% in the third quarter. Penn Capital Management Company LLC now owns 34,058 shares of the RV manufacturer’s stock valued at $898,000 after acquiring an additional 19,448 shares in the last quarter.

About Winnebago Industries

Winnebago Industries, Inc. designs and manufactures recreational vehicles and marine products. Its RV lineup includes motorhomes and towable recreational vehicles, while its marine business makes pontoons and powerboats. The company sells products under brands including Winnebago, Grand Design RV, Newmar, Chris-Craft and Barletta. Its offerings serve a range of recreational customers, from RV travelers to recreational boaters. Founded in 1958, Winnebago Industries is headquartered in Eden Prairie, Minnesota, and serves customers primarily in North America through a network of independent dealers.