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

Winnebago Industries, Inc. (NYSE:WGO)’s share price hit a new 52-week low during mid-day trading on Thursday after Citigroup lowered their price target on the stock from $51.00 to $43.00. Citigroup currently has a buy rating on the stock. Winnebago Industries traded as low as $34.05 and last traded at $34.93, with a volume of 55780 shares. The stock had previously closed at $35.45.

Several other research analysts also recently commented on the company. Truist Financial boosted their target price on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, February 10th. DA Davidson lowered their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. 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. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday. Finally, KeyCorp raised 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Winnebago Industries presently has an average rating of “Moderate Buy” and an average target price of $61.22.

Insiders Place Their Bets

In other news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were 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 owns 10,985 shares in the company, valued at $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

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

Winnebago Industries Trading Down 2.1 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The business’s 50-day moving average is $43.20 and its two-hundred day moving average is $51.69. The firm has a market cap of $985.97 million, a P/E ratio of -52.62 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data 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 negative net margin of 0.63% and a positive return on equity of 5.32%. The company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same quarter in the previous year, the business earned $1.06 EPS. Winnebago Industries’s revenue was down 18.0% on a year-over-year basis. As a group, analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.92%. Winnebago Industries’s payout ratio is presently -206.06%.

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.