Winnebago Industries (NYSE:WGO) Shares Gap Down After Earnings Miss

Winnebago Industries, Inc. (NYSE:WGO)’s stock price gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $51.93, but opened at $50.00. Winnebago Industries shares last traded at $52.20, with a volume of 125,070 shares trading hands.

The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The firm had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. During the same period in the prior year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was down 18.0% compared to the same quarter last year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is presently 453.33%.

Analyst Ratings Changes

A number of equities research analysts recently commented on WGO shares. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Robert W. Baird dropped their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Benchmark reduced their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, November 11th. Finally, BMO Capital Markets 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 Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.13.

Insider Buying and Selling

In related news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, the senior vice president now directly owns 23,728 shares in the company, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William C. Fisher purchased 2,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were purchased at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director now directly owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. This represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in Winnebago Industries by 47.8% during the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after buying an additional 463,257 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Winnebago Industries by 13.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock worth $61,918,000 after acquiring an additional 138,327 shares during the period. State Street Corp increased its holdings in shares of Winnebago Industries by 0.6% during the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock worth $65,711,000 after acquiring an additional 6,979 shares during the last quarter. American Century Companies Inc. raised its stake in Winnebago Industries by 8.8% in the 2nd quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock valued at $46,697,000 after acquiring an additional 69,453 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Winnebago Industries by 10.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock valued at $33,408,000 after acquiring an additional 54,272 shares during the period.

Winnebago Industries Stock Down 3.8 %

The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 166.61 and a beta of 1.60. The firm has a fifty day simple moving average of $57.85 and a 200-day simple moving average of $57.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44.

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.