Winnebago Industries (NYSE:WGO) Stock Rated Underweight in New Coverage at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Winnebago Industries (NYSE:WGO) in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm issued an underweight rating and a $27.00 price target on the RV manufacturer’s stock.

WGO has been the topic of several other research reports. Weiss Ratings lowered Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 14th. Raymond James Financial reissued a “market perform” rating on shares of Winnebago Industries in a report on Wednesday, October 21st. BMO Capital Markets decreased their target price on Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd. Seaport Research Partners initiated coverage on Winnebago Industries in a research note on Monday, July 27th. They set a “neutral” rating for the company. Finally, Wall Street Zen downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.56.

Winnebago Industries Stock Performance

NYSE WGO opened at $31.59 on Monday. The firm’s 50 day simple moving average is $27.69 and its 200 day simple moving average is $32.22. The firm has a market capitalization of $899.68 million, a price-to-earnings ratio of 26.11 and a beta of 1.21. The company has a current ratio of 2.17, a quick ratio of 1.04 and a debt-to-equity ratio of 0.36. Winnebago Industries has a 1 year low of $21.95 and a 1 year high of $50.16.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Tuesday, September 29th. The RV manufacturer reported $0.49 EPS for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. As a group, research analysts expect that Winnebago Industries will post 1.93 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds have recently modified their holdings of WGO. Pzena Investment Management LLC acquired a new position in Winnebago Industries in the 2nd quarter worth about $53,406,000. Dimensional Fund Advisors LP boosted its stake in shares of Winnebago Industries by 8.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock valued at $48,968,000 after purchasing an additional 129,228 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its stake in shares of Winnebago Industries by 33.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock valued at $48,710,000 after purchasing an additional 389,400 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Winnebago Industries by 72.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock worth $20,597,000 after purchasing an additional 280,017 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of Winnebago Industries during the second quarter worth about $9,545,000.

Winnebago Industries Company Profile

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.