Winnebago Industries (NYSE:WGO) Lowered to Sell Rating by StockNews.com

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

Other equities research analysts also recently issued research reports about the stock. DA Davidson reduced their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Benchmark reduced their target price on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup lowered their price target on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Truist Financial reduced their price objective on Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a report on Friday, March 28th. Finally, BMO Capital Markets lowered their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Winnebago Industries Trading Down 0.1 %

NYSE WGO opened at $32.83 on Wednesday. Winnebago Industries has a 12 month low of $30.61 and a 12 month high of $71.31. The stock has a market cap of $920.09 million, a P/E ratio of -49.74 and a beta of 1.70. The stock’s fifty day moving average price is $40.08 and its 200-day moving average price is $49.88. 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 announced its quarterly earnings results 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 analysts’ expectations of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. Winnebago Industries’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. As a group, equities analysts forecast that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is presently -544.00%.

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the transaction, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin E. Bryant purchased 4,200 shares of the business’s stock in a transaction on Monday, March 31st. The shares were bought at an average cost of $34.12 per share, with a total value of $143,304.00. Following the acquisition, the director now directly owns 13,755 shares of the company’s stock, valued at $469,320.60. This trade represents a 43.96 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WGO. Charles Schwab Investment Management Inc. increased its stake in shares of Winnebago Industries by 10.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock worth $33,408,000 after purchasing an additional 54,272 shares in the last quarter. FMR LLC boosted its holdings in Winnebago Industries by 76.0% in the 3rd quarter. FMR LLC now owns 3,623 shares of the construction company’s stock worth $211,000 after buying an additional 1,565 shares during the period. BNP Paribas Financial Markets increased its stake in Winnebago Industries by 23.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company’s stock worth $921,000 after buying an additional 3,030 shares in the last quarter. Verition Fund Management LLC raised its holdings in Winnebago Industries by 16.3% during the third quarter. Verition Fund Management LLC now owns 29,356 shares of the construction company’s stock valued at $1,706,000 after acquiring an additional 4,123 shares during the period. Finally, Centiva Capital LP purchased a new position in shares of Winnebago Industries in the third quarter valued at about $678,000.

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.