Winnebago Industries (NYSE:WGO) Sets New 1-Year Low on Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO)’s stock price hit a new 52-week low during mid-day trading on Thursday after Roth Capital lowered their price target on the stock from $37.00 to $30.00. Roth Capital currently has a neutral rating on the stock. Winnebago Industries traded as low as $28.19 and last traded at $28.30, with a volume of 1884623 shares traded. The stock had previously closed at $31.33.

A number of other research firms also recently commented on WGO. DA Davidson upgraded Winnebago Industries to a “hold” rating in a report on Monday, April 14th. Robert W. Baird cut their price objective on Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday. Citigroup cut their price objective on Winnebago Industries from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday. Benchmark cut their price objective on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Finally, Wall Street Zen downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.33.

Insider Activity at Winnebago Industries

In related news, Director Kevin E. Bryant bought 4,200 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the acquisition, the director now owns 13,755 shares in the company, valued at $469,320.60. This represents a 43.96% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in Winnebago Industries by 270.8% during 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 in the last quarter. Farther Finance Advisors LLC grew its stake in Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company’s stock valued at $25,000 after purchasing an additional 720 shares in the last quarter. Versant Capital Management Inc grew its stake in Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock valued at $28,000 after purchasing an additional 622 shares in the last quarter. Parallel Advisors LLC grew its stake in Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock valued at $28,000 after purchasing an additional 711 shares in the last quarter. Finally, Signaturefd LLC acquired a new stake in Winnebago Industries during the 1st quarter valued at approximately $31,000.

Winnebago Industries Trading Up 2.2%

The business has a 50 day simple moving average of $33.09 and a two-hundred day simple moving average of $39.02. The company has a current ratio of 2.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. The stock has a market cap of $820.13 million, a price-to-earnings ratio of -49.59 and a beta of 1.07.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The firm had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. During the same quarter last year, the firm earned $1.13 EPS. Winnebago Industries’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.65%. Winnebago Industries’s dividend payout ratio (DPR) is presently -230.51%.

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.