Winnebago Industries (NYSE:WGO) Hits New 1-Year Low at $51.02

Shares of Winnebago Industries, Inc. (NYSE:WGO) reached a new 52-week low on Wednesday . The stock traded as low as $51.02 and last traded at $51.97, with a volume of 73666 shares traded. The stock had previously closed at $51.89.

Wall Street Analysts Forecast Growth

Several research firms have commented on WGO. Robert W. Baird cut their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Truist Financial cut their price target on shares of Winnebago Industries from $76.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. DA Davidson upped their target price on Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th. Finally, Roth Mkm decreased their price target on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Winnebago Industries currently has an average rating of “Moderate Buy” and a consensus target price of $68.50.

Winnebago Industries Price Performance

The business has a fifty day moving average of $60.12 and a 200 day moving average of $65.68. The firm has a market cap of $1.55 billion, a P/E ratio of 20.64 and a beta of 1.72. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, June 20th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The business had revenue of $786.00 million for the quarter, compared to the consensus estimate of $798.26 million. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The business’s revenue was down 12.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Winnebago Industries, Inc. will post 4.37 earnings per share for the current year.

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Wednesday, June 12th. Winnebago Industries’s payout ratio is presently 47.88%.

Institutional Trading of Winnebago Industries

Several hedge funds and other institutional investors have recently modified their holdings of WGO. GAMMA Investing LLC bought a new stake in shares of Winnebago Industries during the fourth quarter worth approximately $30,000. Principal Securities Inc. acquired a new position in Winnebago Industries in the 4th quarter valued at $39,000. EntryPoint Capital LLC bought a new position in Winnebago Industries during the 1st quarter worth $75,000. TFO Wealth Partners LLC lifted its holdings in shares of Winnebago Industries by 33,433.3% during the fourth quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after buying an additional 2,006 shares in the last quarter. Finally, Shell Asset Management Co. boosted its position in shares of Winnebago Industries by 122.5% in the first quarter. Shell Asset Management Co. now owns 3,210 shares of the construction company’s stock valued at $238,000 after acquiring an additional 1,767 shares during the period.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.