Winnebago Industries (WGO)

• Market cap: $1.45B
• 1 day: -3.76%
• 5 days: -9.49%
• 1 month: -12.77%
• 3 months: -15.45%
• 6 months: -8.61%
• Year to date: -31.67%
• 1 year: -29.56%
• 5 years: -3.72%
• 10 years: 135.42%
• Sector: Consumer Discretionary
• Industry: Motor Homes

About: Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was nearly $3 billion in fiscal 2024. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 83% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 38,796 in fiscal 2024. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.

Employees: 5,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

142% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 19

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

11% more funds holding

Funds holding: 247 [Q2] → 274 (+27) [Q3]

6% more capital invested

Capital invested by funds: $1.72B [Q2] → $1.81B (+$98.1M) [Q3]

1.45% less ownership

Funds ownership: 109.3% [Q2] → 107.85% (-1.45%) [Q3]

21% less repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 101

64% less call options, than puts

Call options by funds: $59.1M | Put options by funds: $162M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $64 28% upside
• Avg. target: $67 34% upside
• High target: $70 40% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Truist Securities Michael Swartz 40% 1-year accuracy 20 / 50 met price target	28% upside $64	Buy Maintained	24 Oct 2024
Benchmark Michael Albanese 24% 1-year accuracy 5 / 21 met price target	40% upside $70	Buy Reiterated	24 Oct 2024
BMO Capital Tristan Thomas-Martin 56% 1-year accuracy 5 / 9 met price target	40% upside $70	Outperform Maintained	24 Oct 2024
Baird Craig Kennison 39% 1-year accuracy 11 / 28 met price target	28% upside $64	Outperform Maintained	24 Oct 2024