Winnebago Industries (NYSE:WGO) Cut to "Sell" at StockNews.com

StockNews.com cut shares of Winnebago Industries (NYSE:WGO - Free Report) from a hold rating to a sell rating in a report released on Friday morning.

A number of other equities research analysts have also weighed in on WGO. Benchmark lowered their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Truist Financial lowered their price target on shares of Winnebago Industries from $58.00 to $50.00 and set a "buy" rating for the company in a report on Friday, March 28th. DA Davidson reduced their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 24th. BMO Capital Markets dropped their price objective 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. Finally, KeyCorp lowered their price target on Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $52.67.

Winnebago Industries Price Performance

NYSE WGO traded down $0.12 during trading hours on Friday, reaching $29.54. 13,770 shares of the stock traded hands, compared to its average volume of 909,196. The stock has a 50 day simple moving average of $37.20 and a two-hundred day simple moving average of $48.18. Winnebago Industries has a 1 year low of $28.28 and a 1 year high of $66.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The company has a market cap of $827.86 million, a price-to-earnings ratio of -44.93 and a beta of 1.49.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $621.41 million. During the same period last year, the business earned $0.93 earnings per share. The business's quarterly revenue was down 11.9% on a year-over-year basis. On average, analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 4.60%. Winnebago Industries's dividend payout ratio is currently -544.00%.

Insiders Place Their Bets

In other news, Director Kevin E. Bryant acquired 4,200 shares of the business's stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the acquisition, the director now owns 13,755 shares of the company's stock, valued at approximately $469,320.60. This trade represents a 43.96 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jacqueline D. Woods sold 1,503 shares of the firm'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 directly owns 10,985 shares in the company, valued at approximately $486,855.20. This trade 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 Investors Weigh In On Winnebago Industries

Hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after buying an additional 390 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Winnebago Industries by 36,000.0% during the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock worth $25,000 after purchasing an additional 720 shares in the last quarter. Versant Capital Management Inc lifted its stake in Winnebago Industries by 304.9% in the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after buying an additional 622 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after buying an additional 711 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $43,000.

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.