Winnebago Industries (NYSE:WGO) Hits New 12-Month Low – What’s Next?

Shares of Winnebago Industries, Inc. (NYSE:WGO) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $39.63 and last traded at $39.68, with a volume of 417043 shares. The stock had previously closed at $40.41.

Analysts Set New Price Targets

A number of analysts have recently commented on WGO shares. Benchmark restated a “buy” rating and issued a $70.00 price objective on shares of Winnebago Industries in a research report on Monday, December 23rd. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, November 11th. KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective on the stock in a report on Wednesday, January 8th. 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 note on Tuesday, December 24th. Finally, Truist Financial upped their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Winnebago Industries Stock Down 2.9 %

The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -59.44 and a beta of 1.62. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average is $46.11 and its two-hundred day moving average is $53.59.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. Equities analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

Insider Transactions at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC lifted its stake in shares of Winnebago Industries by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after purchasing an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. boosted its stake in Winnebago Industries by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after buying an additional 380 shares during the period. Smartleaf Asset Management LLC boosted its stake in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after buying an additional 390 shares during the period. Swiss National Bank raised its stake in shares of Winnebago Industries by 0.7% in the 4th quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after acquiring an additional 400 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Winnebago Industries by 9.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after acquiring an additional 506 shares during the last quarter.

About Winnebago Industries

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.