Winnebago Industries Inc. (WGO) Upgraded by Robert W. Baird to Outperform
Robert W. Baird upgraded shares of Winnebago Industries Inc. (NYSE:WGO) from a neutral rating to an outperform rating in a research note issued to investors on Monday morning. The brokerage currently has $30.00 price objective on the stock, up from their prior price objective of $25.00.
Separately, Zacks Investment Research lowered Winnebago Industries from a buy rating to a hold rating in a research report on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $29.33.
Winnebago Industries (NYSE:WGO) opened at 29.00 on Monday. The stock’s 50 day moving average price is $24.06 and its 200 day moving average price is $22.55. The firm has a market capitalization of $779.90 million, a P/E ratio of 17.79 and a beta of 2.11. Winnebago Industries has a 52 week low of $15.41 and a 52 week high of $30.60.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC purchased a new position in Winnebago Industries during the second quarter worth about $120,000. Hussman Strategic Advisors Inc. bought a new position in shares of Winnebago Industries during the second quarter valued at $142,000. Legal & General Group Plc increased its position in shares of Winnebago Industries by 12.8% in the first quarter. Legal & General Group Plc now owns 7,582 shares of the company’s stock valued at $171,000 after buying an additional 862 shares during the period. Acrospire Investment Management LLC increased its position in shares of Winnebago Industries by 273.9% in the second quarter. Acrospire Investment Management LLC now owns 8,737 shares of the company’s stock valued at $200,000 after buying an additional 6,400 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Winnebago Industries by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,769 shares of the company’s stock valued at $201,000 after buying an additional 4,144 shares during the period. Hedge funds and other institutional investors own 91.48% of the company’s stock.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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