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

Winnebago Industries (NYSE:WGO - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Thursday.

Several other equities analysts have also recently issued reports on the company. Citigroup lowered their price target on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Baird R W downgraded shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. 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. KeyCorp cut their price objective on Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Benchmark cut their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Winnebago Industries has a consensus rating of "Hold" and a consensus price target of $51.89.

Winnebago Industries Stock Performance

Shares of WGO traded down $0.95 during midday trading on Thursday, hitting $31.80. 130,455 shares of the stock traded hands, compared to its average volume of 696,274. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. Winnebago Industries has a 1-year low of $28.29 and a 1-year high of $66.05. The business's 50 day moving average price is $35.06 and its two-hundred day moving average price is $46.67. The firm has a market capitalization of $891.05 million, a PE ratio of -48.38 and a beta of 1.49.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. During the same period in the prior year, the company posted $0.93 EPS. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. Equities research analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction dated 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 directly owns 10,985 shares of the company's stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin E. Bryant bought 4,200 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the purchase, the director now directly owns 13,755 shares of the company's stock, valued at $469,320.60. This represents a 43.96 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by company insiders.

Institutional Trading of Winnebago Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock worth $25,000 after buying an additional 390 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Winnebago Industries by 36,000.0% in the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock worth $25,000 after purchasing an additional 720 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after purchasing an additional 711 shares in the last quarter. Versant Capital Management Inc grew its stake in Winnebago Industries by 304.9% during the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock worth $28,000 after buying an additional 622 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Winnebago Industries by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock valued at $43,000 after acquiring an additional 807 shares during the last quarter.

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.