Winnebago Industries (NYSE:WGO) Shares Gap Down on Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO)’s stock price gapped down prior to trading on Wednesday after Benchmark lowered their price target on the stock from $75.00 to $70.00. The stock had previously closed at $58.02, but opened at $53.67. Benchmark currently has a buy rating on the stock. Winnebago Industries shares last traded at $55.11, with a volume of 269,439 shares traded.

A number of other brokerages also recently commented on WGO. Citigroup lifted their target price on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Finally, Truist Financial lifted their price target on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its position in shares of Winnebago Industries by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock worth $797,000 after buying an additional 200 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Winnebago Industries by 5.0% during the 1st quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company’s stock worth $425,000 after buying an additional 274 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Winnebago Industries by 5.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock worth $333,000 after buying an additional 294 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after buying an additional 316 shares during the last quarter.

Winnebago Industries Stock Down 10.8 %

The firm has a market cap of $1.50 billion, a PE ratio of 19.99 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. The firm’s 50-day moving average price is $58.00 and its two-hundred day moving average price is $58.83.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a $0.34 dividend. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.36 annualized dividend and a yield of 2.63%. Winnebago Industries’s dividend payout ratio is 52.51%.

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.