Winnebago Industries (NYSE:WGO) Reaches New 1-Year Low - What's Next?

Shares of Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $44.01 and last traded at $44.60, with a volume of 97508 shares trading hands. The stock had previously closed at $46.10.

Analyst Ratings Changes

Several analysts have commented on WGO shares. StockNews.com downgraded Winnebago Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. Benchmark reissued a "buy" rating and set a $70.00 price target on shares of Winnebago Industries in a report on Monday, December 23rd. BMO Capital Markets reduced their target price on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. 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 report on Tuesday, December 24th. Finally, Northcoast Research upgraded Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price target for the company in a report on Monday, November 11th. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $65.00.

Winnebago Industries Stock Up 1.5 %

The firm's 50-day moving average price is $48.72 and its 200 day moving average price is $54.76. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -68.29 and a beta of 1.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm had revenue of $625.60 million for the quarter, compared to analysts' expectations of $672.23 million. During the same period last year, the firm earned $1.06 EPS. The business's quarterly revenue was down 18.0% on a year-over-year basis. Sell-side analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.02%. Winnebago Industries's payout ratio is currently -206.06%.

Insider Transactions at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Winnebago Industries

Several institutional investors and hedge funds have recently bought and sold shares of WGO. GAMMA Investing LLC increased its position in Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company's stock valued at $27,000 after acquiring an additional 316 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock worth $25,000 after buying an additional 390 shares during the last quarter. Quarry LP increased its holdings in Winnebago Industries by 4,038.1% during the third quarter. Quarry LP now owns 869 shares of the construction company's stock worth $50,000 after buying an additional 848 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Winnebago Industries by 823.5% during the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock worth $43,000 after buying an additional 807 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Winnebago Industries in the fourth quarter valued at $43,000.

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.