Winnebago Industries (NYSE:WGO) Hits New 12-Month Low Following Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO) shares reached a new 52-week low during mid-day trading on Monday after Truist Financial lowered their price target on the stock from $58.00 to $50.00. Truist Financial currently has a buy rating on the stock. Winnebago Industries traded as low as $33.59 and last traded at $34.27, with a volume of 187165 shares. The stock had previously closed at $34.75.

A number of other brokerages have also recently issued reports on WGO. Citigroup decreased their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday. DA Davidson cut their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Finally, KeyCorp lowered their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Winnebago Industries currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Buying and Selling

In related news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP boosted its position in shares of Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after acquiring an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock worth $15,369,000 after purchasing an additional 305,818 shares during the period. Barclays PLC boosted its holdings in Winnebago Industries by 494.5% during the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after purchasing an additional 245,131 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after purchasing an additional 173,274 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Winnebago Industries by 1,242.6% in the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after buying an additional 168,055 shares in the last quarter.

Winnebago Industries Price Performance

The company has a 50-day moving average of $41.18 and a 200 day moving average of $50.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The firm has a market cap of $980.21 million, a P/E ratio of -52.30 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. During the same period last year, the business earned $0.93 earnings per share. The business’s revenue was down 11.9% on a year-over-year basis. On average, sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.34 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.94%. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

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.