Winnebago Industries (NYSE:WGO) Reaches New 1-Year Low After Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO)’s share price reached a new 52-week low 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 analysts have also issued reports on WGO. DA Davidson dropped their price objective 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. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday. Benchmark restated a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price for the company in a research report on Wednesday, January 8th. Finally, Truist Financial upped their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.22.

Insiders Place Their Bets

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in WGO. Sanctuary Advisors LLC raised its holdings in Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after purchasing an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. increased its position in shares of Winnebago Industries by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after buying an additional 380 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after buying an additional 390 shares during the period. Swiss National Bank lifted its holdings in Winnebago Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after buying an additional 400 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in Winnebago Industries by 9.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock valued at $273,000 after buying an additional 506 shares during the period.

Winnebago Industries Stock Down 2.1 %

The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $43.20 and its 200 day simple 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 issued its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 earnings per share. As a group, research analysts forecast that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.92%. Winnebago Industries’s dividend payout ratio (DPR) is currently -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.