Winnebago Industries (NYSE:WGO) Stock Rating Lowered by Robert W. Baird

Robert W. Baird downgraded shares of Winnebago Industries (NYSE:WGO - Free Report) from an outperform rating to a neutral rating in a research note released on Friday morning, MarketBeat Ratings reports. The brokerage currently has $38.00 target price on the construction company's stock, down from their previous target price of $50.00.

WGO has been the subject of several other research reports. Truist Financial cut their price objective on Winnebago Industries from $58.00 to $50.00 and set a "buy" rating for the company in a report on Friday, March 28th. Benchmark lowered their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. BMO Capital Markets cut their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. DA Davidson lowered their price target 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. Finally, Citigroup cut their price objective on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $54.00.

Winnebago Industries Stock Up 10.1 %

Shares of WGO stock traded up $2.91 during trading on Friday, reaching $31.78. The company's stock had a trading volume of 371,955 shares, compared to its average volume of 688,075. Winnebago Industries has a one year low of $28.29 and a one year high of $71.14. The business has a fifty day moving average price of $39.00 and a 200-day moving average price of $49.21. The company has a market cap of $890.63 million, a price-to-earnings ratio of -48.15 and a beta of 1.49. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting 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 company had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. During the same period in the prior year, the business posted $0.93 EPS. The company's quarterly revenue was down 11.9% on a year-over-year basis. Analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries's dividend payout ratio is currently -544.00%.

Insider Activity

In related news, Director Kevin E. Bryant bought 4,200 shares of the business's stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the transaction, the director now owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jacqueline D. Woods sold 1,503 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value 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. The trade was a 12.04 % decrease in their position. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of large investors have recently bought and sold shares of WGO. FMR LLC boosted its position in shares of Winnebago Industries by 76.0% during the 3rd quarter. FMR LLC now owns 3,623 shares of the construction company's stock worth $211,000 after acquiring an additional 1,565 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Winnebago Industries by 23.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company's stock worth $921,000 after buying an additional 3,030 shares in the last quarter. Verition Fund Management LLC boosted its stake in Winnebago Industries by 16.3% in the third quarter. Verition Fund Management LLC now owns 29,356 shares of the construction company's stock valued at $1,706,000 after buying an additional 4,123 shares in the last quarter. Centiva Capital LP acquired a new stake in Winnebago Industries in the third quarter valued at about $678,000. Finally, Holocene Advisors LP bought a new position in Winnebago Industries in the third quarter valued at about $1,296,000.

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.