Winnebago Industries (NYSE:WGO) Shares Down 7.8% on Analyst Downgrade

Shares of Winnebago Industries, Inc. (NYSE:WGO) dropped 7.8% during mid-day trading on Wednesday after Truist Financial lowered their price target on the stock from $43.00 to $35.00. Truist Financial currently has a buy rating on the stock. Winnebago Industries traded as low as $28.61 and last traded at $28.4620. Approximately 261,869 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 684,047 shares. The stock had previously closed at $30.88.

WGO has been the topic of a number of other research reports. Benchmark reduced their price objective on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Roth Capital cut their target price on Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, June 23rd. Wall Street Zen lowered Winnebago Industries from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. KeyCorp reissued a “sector weight” rating on shares of Winnebago Industries in a research report on Friday, June 26th. Finally, Citigroup upped their price objective on shares of Winnebago Industries from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.33.

Institutional Trading of Winnebago Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. acquired a new position in Winnebago Industries in the first quarter valued at about $4,882,000. California State Teachers Retirement System raised its stake in shares of Winnebago Industries by 39.3% in the 1st quarter. California State Teachers Retirement System now owns 37,104 shares of the RV manufacturer’s stock valued at $1,150,000 after acquiring an additional 10,476 shares during the period. Empowered Funds LLC lifted its holdings in shares of Winnebago Industries by 31.7% in the 1st quarter. Empowered Funds LLC now owns 137,546 shares of the RV manufacturer’s stock worth $4,263,000 after acquiring an additional 33,085 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Winnebago Industries by 41.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,562 shares of the RV manufacturer’s stock worth $358,000 after acquiring an additional 3,404 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Winnebago Industries by 72.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock worth $20,597,000 after purchasing an additional 280,017 shares during the period.

Winnebago Industries Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 2.37. The stock’s 50-day moving average is $29.83 and its two-hundred day moving average is $36.39. The stock has a market cap of $804.54 million, a PE ratio of 20.93 and a beta of 1.12.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The firm had revenue of $698.70 million for the quarter, compared to analyst estimates of $755.67 million. During the same quarter last year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. On average, equities analysts predict that Winnebago Industries, Inc. will post 1.81 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.40 annualized dividend and a yield of 4.9%. Winnebago Industries’s dividend payout ratio is presently 102.94%.

About Winnebago Industries

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.