Winnebago Industries (NYSE:WGO) Now Covered by Analysts at Wells Fargo & Company

Research analysts at Wells Fargo & Company assumed coverage on shares of Winnebago Industries (NYSE:WGO) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage set an “underweight” rating and a $27.00 price target on the RV manufacturer’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 13.80% from the company’s previous close.

Several other research firms have also recently weighed in on WGO. BMO Capital Markets reduced their price objective 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. Weiss Ratings downgraded Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Wall Street Zen lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Saturday. Seaport Research Partners initiated coverage on Winnebago Industries in a research note on Monday, July 27th. They issued a “neutral” rating on the stock. Finally, Zacks Research cut Winnebago Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 2nd. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.11.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $31.32 on Monday. The firm has a market cap of $892.02 million, a PE ratio of 25.89 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. The company has a fifty day moving average price of $27.60 and a 200 day moving average price of $32.46.

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 return on equity of 4.16% and a net margin of 1.28%. Research analysts predict that Winnebago Industries will post 1.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael Happe sold 12,045 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the transaction, the chief executive officer directly owned 349,349 shares in the company, valued at $11,416,725.32. This represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret Woodson sold 1,235 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $31.73, for a total transaction of $39,186.55. Following the transaction, the senior vice president owned 31,373 shares of the company’s stock, valued at approximately $995,465.29. This represents a 3.79% decrease in their ownership of the stock. 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 29,840 shares of company stock valued at $988,803 in the last three months. 5.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Pzena Investment Management LLC bought a new position in Winnebago Industries in the second quarter valued at approximately $53,406,000. Dimensional Fund Advisors LP increased its position 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 worth $48,968,000 after purchasing an additional 129,228 shares during the last quarter. Maple Rock Capital Partners Inc. increased its position 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 worth $48,710,000 after purchasing an additional 389,400 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Winnebago Industries by 72.8% during the 1st 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 in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of Winnebago Industries during the 2nd quarter worth approximately $9,545,000.

Winnebago Industries Company Profile

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.