Truist Financial Has Lowered Expectations for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price target cut by analysts at Truist Financial from $43.00 to $35.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the RV manufacturer’s stock. Truist Financial’s price objective would suggest a potential upside of 20.73% from the company’s current price.

WGO has been the subject of several other research reports. Citigroup lifted their price target on Winnebago Industries from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Wall Street Zen downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Weiss Ratings lowered Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Griffin Securities set a $35.00 target price on Winnebago Industries in a report on Monday, June 15th. Finally, Benchmark cut their target price on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.33.

Winnebago Industries Price Performance

Winnebago Industries stock traded down $1.89 during mid-day trading on Wednesday, reaching $28.99. 174,798 shares of the company’s stock traded hands, compared to its average volume of 683,068. The company has a market cap of $819.52 million, a price-to-earnings ratio of 21.38 and a beta of 1.12. The stock has a 50 day moving average of $29.83 and a two-hundred day moving average of $36.39. The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36. Winnebago Industries has a 12-month low of $26.80 and a 12-month high of $50.16.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, June 25th. The RV manufacturer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The business had revenue of $698.70 million during the quarter, compared to analysts’ expectations of $755.67 million. During the same period in the previous year, the business earned $0.81 earnings per share. The business’s quarterly revenue was down 9.9% on a year-over-year basis. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Equities analysts forecast that Winnebago Industries will post 1.81 earnings per share for the current year.

Institutional Investors Weigh In On Winnebago Industries

Large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its position 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 worth $26,000 after acquiring an additional 364 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of Winnebago Industries in the fourth quarter valued at approximately $35,000. Hantz Financial Services Inc. grew its stake in Winnebago Industries by 36.2% in the fourth 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 in the last quarter. Public Employees Retirement System of Ohio grew its stake in Winnebago Industries by 15.9% in the third 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 in the last quarter. Finally, State of Wyoming increased its holdings 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 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.