Winnebago Industries (NYSE:WGO) Reaches New 52-Week Low - What's Next?

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $39.63 and last traded at $39.68, with a volume of 417043 shares changing hands. The stock had previously closed at $40.41.

Wall Street Analysts Forecast Growth

WGO has been the topic of several recent research reports. Benchmark reissued a "buy" rating and set a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. Northcoast Research upgraded Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Monday, November 11th. DA Davidson reduced their target price on Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 24th. KeyCorp raised Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial raised their price objective on Winnebago Industries from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

Winnebago Industries Trading Up 1.8 %

The company's 50-day moving average price is $45.89 and its 200-day moving average price is $53.44. 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 firm has a market capitalization of $1.01 billion, a PE ratio of -53.68 and a beta of 1.62.

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 negative net margin of 0.63% and a positive return on equity of 5.32%. 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. On average, sell-side analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries's payout ratio is currently -206.06%.

Insider Activity

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the 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 sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. This represents a 12.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.63% of the company's stock.

Institutional Trading of Winnebago Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP boosted its stake in shares of 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 during the last quarter. BNP Paribas Financial Markets lifted its position in Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company's stock worth $15,369,000 after buying an additional 305,818 shares during the period. Barclays PLC boosted its stake in Winnebago Industries by 494.5% in the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company's stock worth $14,081,000 after buying an additional 245,131 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after buying an additional 173,274 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Winnebago Industries by 1,242.6% during the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company's stock valued at $10,552,000 after acquiring an additional 168,055 shares during the last quarter.

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.