Winnebago Industries (NYSE:WGO) Stock Rating Lowered by Zacks Research

Winnebago Industries (NYSE:WGO) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

Other analysts also recently issued research reports about the stock. Truist Financial decreased their price objective on shares of Winnebago Industries from $43.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, October 22nd. Citigroup increased their target price on shares of Winnebago Industries from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Weiss Ratings lowered shares of Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 14th. Finally, Seaport Research Partners started coverage on shares of Winnebago Industries in a research note on Monday, July 27th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Winnebago Industries Stock Down 2.9%

Shares of NYSE:WGO opened at $31.47 on Monday. Winnebago Industries has a 1 year low of $21.95 and a 1 year high of $50.16. The company has a market capitalization of $894.89 million, a PE ratio of 26.00 and a beta of 1.21. The business has a fifty day moving average price of $27.49 and a two-hundred day moving average price of $32.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.17 and a quick ratio of 1.04.

Winnebago Industries (NYSE:WGO) last released its earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 EPS for the quarter. Winnebago Industries had a return on equity of 4.16% and a net margin of 1.28%. Analysts forecast that Winnebago Industries will post 1.94 earnings per share for the current year.

Insider Buying and Selling at Winnebago Industries

In related news, SVP Bret Woodson sold 2,414 shares of Winnebago Industries stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.66, for a total value of $78,841.24. Following the completion of the sale, the senior vice president owned 31,274 shares of the company’s stock, valued at approximately $1,021,408.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Happe sold 12,045 shares of Winnebago Industries 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 approximately $11,416,725.32. This trade represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $511,658 in the last quarter. 4.88% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WGO. Pzena Investment Management LLC purchased a new position in shares of Winnebago Industries in the second quarter worth about $53,406,000. Dimensional Fund Advisors LP lifted its stake in shares of Winnebago Industries by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock valued at $48,968,000 after buying an additional 129,228 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in shares of Winnebago Industries by 33.3% during the 2nd 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 boosted its holdings in Winnebago Industries by 72.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock worth $20,597,000 after buying an additional 280,017 shares during the period. Finally, William Blair Investment Management LLC bought a new position in Winnebago Industries in the 2nd quarter worth approximately $9,545,000.

About Winnebago Industries

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.

Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.

Founded in 1958, the company is headquartered in Forest City, Iowa.