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

Equities research analysts at Wells Fargo & Company started coverage on shares of Winnebago Industries (NYSE:WGO) in a research report issued to clients and investors on Monday, Marketbeat 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 points to a potential downside of 13.80% from the stock’s current price.

Several other brokerages have also issued reports on WGO. Zacks Research lowered shares of Winnebago Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 2nd. Citigroup boosted their price target on shares of Winnebago Industries from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Seaport Research Partners began coverage on shares of Winnebago Industries in a report on Monday, July 27th. They issued a “neutral” rating on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Winnebago Industries in a research note on Wednesday, October 21st. Finally, Weiss Ratings lowered shares of Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Three 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.11.

Winnebago Industries Trading Down 0.1%

Shares of WGO opened at $31.32 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.17 and a debt-to-equity ratio of 0.36. Winnebago Industries has a 12-month low of $21.95 and a 12-month high of $50.16. The firm has a market capitalization of $892.02 million, a PE ratio of 25.89 and a beta of 1.21. The stock’s fifty day simple moving average is $27.60 and its 200-day simple moving average is $32.46.

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

Insiders Place Their Bets

In other news, CEO Michael Happe sold 12,045 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was 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 approximately $11,416,725.32. The trade was a 3.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Stacy Bogart sold 14,146 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $33.73, for a total value of $477,144.58. Following 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. Over the last quarter, insiders have sold 29,840 shares of company stock worth $988,803. Insiders own 5.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WGO. Pzena Investment Management LLC bought a new position in shares of Winnebago Industries during the 2nd quarter valued at about $53,406,000. Maple Rock Capital Partners Inc. grew its position in shares of Winnebago Industries by 33.3% in 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 purchasing an additional 389,400 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Winnebago Industries in the 2nd quarter valued at approximately $9,545,000. Arrowstreet Capital Limited Partnership increased its stake in 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, Bank of New York Mellon Corp bought a new stake in Winnebago Industries during the 2nd quarter worth approximately $5,881,000.

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.