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

Winnebago Industries (NYSE:WGO - Free Report) had its price objective cut by KeyCorp from $47.00 to $40.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the construction company's stock.

Other analysts have also issued research reports about the company. Citigroup cut their price objective on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. Truist Financial dropped their target price on shares of Winnebago Industries from $50.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird cut shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $50.00 to $38.00 in a report on Friday, April 4th. Finally, Benchmark dropped their price target on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $51.89.

Winnebago Industries Stock Performance

Shares of NYSE:WGO traded up $1.00 on Thursday, hitting $30.64. The company's stock had a trading volume of 637,783 shares, compared to its average volume of 695,778. The company has a market capitalization of $858.55 million, a price-to-earnings ratio of -46.42 and a beta of 1.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The stock's 50-day moving average is $36.31 and its two-hundred day moving average is $47.61. Winnebago Industries has a 12 month low of $28.29 and a 12 month high of $66.05.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $620.20 million during the quarter, compared to analysts' expectations of $621.41 million. During the same period last year, the firm posted $0.93 earnings per share. The business's revenue was down 11.9% on a year-over-year basis. On average, equities research analysts forecast that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries's dividend payout ratio is currently -544.00%.

Insider Activity

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

Institutional Trading of Winnebago Industries

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Winnebago Industries by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock worth $104,250,000 after purchasing an additional 48,517 shares during the period. First Trust Advisors LP increased its stake in Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock worth $78,540,000 after purchasing an additional 474,273 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock worth $49,714,000 after buying an additional 173,274 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock valued at $29,889,000 after buying an additional 50,634 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Winnebago Industries by 20.0% in the fourth quarter. Millennium Management LLC now owns 571,334 shares of the construction company's stock valued at $27,298,000 after buying an additional 95,113 shares during the period.

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.