Roth Mkm Cuts Winnebago Industries (NYSE:WGO) Price Target to $32.00

by · The Markets Daily

Winnebago Industries (NYSE:WGO – Get Free Report) had its price target decreased by investment analysts at Roth Mkm from $38.00 to $32.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the RV manufacturer’s stock. Roth Mkm’s target price suggests a potential upside of 12.89% from the stock’s current price.

WGO has been the topic of a number of other reports. Wall Street Zen lowered shares of 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 shares of Winnebago Industries in a research note on Monday, June 15th. Weiss Ratings lowered Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Truist Financial reduced their price objective on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Finally, DA Davidson reiterated a “neutral” rating and issued a $35.00 target price 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.70.

View Our Latest Analysis on WGO

Winnebago Industries Trading Up 0.1%

NYSE WGO traded up $0.03 during trading on Tuesday, hitting $28.34. The stock had a trading volume of 121,424 shares, compared to its average volume of 636,826. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $801.31 million, a PE ratio of 19.29 and a beta of 1.12. The firm has a 50 day moving average price of $30.35 and a 200 day moving average price of $37.06. Winnebago Industries has a twelve month low of $27.29 and a twelve month high of $50.16.

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

Institutional Trading of Winnebago Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Winnebago Industries by 90.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after acquiring an additional 364 shares during the period. Clearstead Advisors LLC acquired a new stake in Winnebago Industries during the 4th quarter worth $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 worth $66,000 after purchasing an additional 435 shares during the period. Public Employees Retirement System of Ohio grew its position in Winnebago Industries by 15.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after purchasing an additional 309 shares during the last quarter. Finally, State of Wyoming grew its position in Winnebago Industries by 151.4% during the 2nd quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock worth $99,000 after purchasing an additional 2,051 shares during the last quarter.

Winnebago Industries Company Profile

(Get Free Report)

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.

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