Winnebago Industries (NYSE:WGO) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a research report report published on Wednesday morning.

Other research analysts have also recently issued research reports about the company. DA Davidson reduced their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. BMO Capital Markets reduced their price objective on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. KeyCorp dropped their target price on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Citigroup reduced their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Finally, Benchmark lowered their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Winnebago Industries Price Performance

WGO stock opened at $32.83 on Wednesday. The firm has a 50 day moving average of $40.08 and a 200-day moving average of $49.88. The firm has a market capitalization of $920.09 million, a P/E ratio of -49.74 and a beta of 1.70. Winnebago Industries has a 12 month low of $30.61 and a 12 month high of $71.31. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.

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, hitting analysts’ consensus estimates of $0.19. The company had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. As a group, sell-side analysts predict that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s payout ratio is -544.00%.

Insider Buying and Selling at Winnebago Industries

In related news, Director Kevin E. Bryant bought 4,200 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of $34.12 per share, with a total value of $143,304.00. Following the transaction, the director now owns 13,755 shares in the company, valued at approximately $469,320.60. This trade represents a 43.96 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following 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 position. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

Several large investors have recently bought and sold shares of WGO. Smartleaf Asset Management LLC lifted its stake in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after purchasing an additional 390 shares during the period. Versant Capital Management Inc lifted its position in Winnebago Industries by 304.9% during the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock valued at $28,000 after buying an additional 622 shares during the period. Quarry LP boosted its holdings in shares of Winnebago Industries by 4,038.1% during the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock worth $43,000 after buying an additional 807 shares during the period. Finally, R Squared Ltd bought a new position in shares of Winnebago Industries in the 4th quarter worth about $43,000.

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.