Winnebago Industries (NYSE:WGO) Sets New 12-Month Low – Here’s Why

Shares of Winnebago Industries, Inc. (NYSE:WGO) reached a new 52-week low on Tuesday . The stock traded as low as $27.72 and last traded at $28.1050, with a volume of 87030 shares traded. The stock had previously closed at $29.04.

Wall Street Analyst Weigh In

Several research firms have weighed in on WGO. Weiss Ratings cut Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded Winnebago Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. BMO Capital Markets decreased their price target on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Robert W. Baird decreased their price target on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Finally, Citigroup decreased their price target on Winnebago Industries from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Winnebago Industries has a consensus rating of “Hold” and an average target price of $42.30.

Winnebago Industries Stock Up 3.3%

The firm has a 50 day moving average of $32.04 and a two-hundred day moving average of $38.09. The firm has a market capitalization of $823.22 million, a price-to-earnings ratio of 19.81 and a beta of 1.17. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $657.40 million for the quarter, compared to analyst estimates of $628.00 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.Winnebago Industries’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. As a group, sell-side analysts anticipate that Winnebago Industries, Inc. will post 2.33 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.40 annualized dividend and a yield of 4.8%. Winnebago Industries’s dividend payout ratio (DPR) is 95.24%.

Institutional Trading of Winnebago Industries

Several large investors have recently bought and sold shares of WGO. Northwestern Mutual Wealth Management Co. boosted its stake in Winnebago Industries by 90.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after buying an additional 364 shares in the last quarter. Clearstead Advisors LLC acquired a new stake in Winnebago Industries in the fourth quarter valued at about $35,000. Hantz Financial Services Inc. boosted its stake in Winnebago Industries by 825.4% in the third quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock valued at $40,000 after buying an additional 1,073 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after buying an additional 309 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of Winnebago Industries by 151.4% during the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock valued at $99,000 after purchasing an additional 2,051 shares in the last quarter.

Winnebago Industries Company Profile

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.