DA Davidson Issues Pessimistic Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO - Free Report) had its price objective reduced by DA Davidson from $55.00 to $54.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the construction company's stock.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird reduced their target price on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. StockNews.com lowered shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Truist Financial reduced their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. BMO Capital Markets lowered their price target on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Finally, Benchmark reiterated a "buy" rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.63.

Winnebago Industries Stock Performance

Shares of WGO stock traded down $0.10 during trading hours on Tuesday, hitting $47.89. The stock had a trading volume of 491,987 shares, compared to its average volume of 598,900. The stock's 50 day moving average is $57.26 and its 200 day moving average is $57.09. The firm has a market capitalization of $1.38 billion, a PE ratio of 159.64 and a beta of 1.60. Winnebago Industries has a twelve month low of $47.10 and a twelve month high of $74.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company had revenue of $625.60 million for the quarter, compared to analysts' expectations of $672.23 million. During the same period in the prior year, the company earned $1.06 earnings per share. The firm's revenue was down 18.0% on a year-over-year basis. As a group, research analysts forecast that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.84%. Winnebago Industries's dividend payout ratio is currently -206.06%.

Insiders Place Their Bets

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the sale, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. This represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William C. Fisher purchased 2,000 shares of Winnebago Industries stock in a transaction on Monday, October 28th. The shares were acquired at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director now owns 32,267 shares of the company's stock, valued at $1,768,554.27. This represents a 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is owned by corporate insiders.

Institutional Trading of Winnebago Industries

Several large investors have recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company's stock valued at $77,602,000 after purchasing an additional 463,257 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Winnebago Industries by 13.8% during the second quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company's stock valued at $61,918,000 after purchasing an additional 138,327 shares during the last quarter. State Street Corp boosted its holdings in shares of Winnebago Industries by 0.6% during the third quarter. State Street Corp now owns 1,130,796 shares of the construction company's stock valued at $65,711,000 after acquiring an additional 6,979 shares during the period. American Century Companies Inc. boosted its stake in Winnebago Industries by 8.8% during the 2nd quarter. American Century Companies Inc. now owns 861,575 shares of the construction company's stock valued at $46,697,000 after purchasing an additional 69,453 shares during the period. Finally, 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 valued at $33,408,000 after purchasing an additional 54,272 shares during the period.

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.