Winnebago Industries (NYSE:WGO) Downgraded to Sell Rating by StockNews.com

Winnebago Industries (NYSE:WGO - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Wednesday.

Other analysts have also issued research reports about the company. DA Davidson cut their price target on Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, December 24th. Citigroup dropped their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Benchmark decreased 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 report on Tuesday. Truist Financial dropped their target price 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. Finally, KeyCorp cut their price target on Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. 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 stock has a consensus rating of "Moderate Buy" and an average target price of $56.89.

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Winnebago Industries Stock Performance

Shares of WGO stock traded down $2.99 on Wednesday, reaching $32.85. The stock had a trading volume of 1,416,230 shares, compared to its average volume of 682,701. 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 $32.78 and a 1 year high of $72.15. The stock has a market cap of $920.62 million, a P/E ratio of -49.77 and a beta of 1.70. The company has a 50 day simple moving average of $40.36 and a 200 day simple moving average of $50.05.

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 for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm had revenue of $620.20 million for the quarter, compared to analysts' expectations of $621.41 million. During the same quarter in the prior year, the business earned $0.93 EPS. The business's quarterly revenue was down 11.9% on a year-over-year basis. Equities research analysts expect that Winnebago Industries will post 3.41 EPS for the current year.

Insider Transactions at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction that occurred 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 approximately $486,855.20. The trade was a 12.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin E. Bryant purchased 4,200 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the acquisition, the director now directly owns 13,755 shares in the company, valued at $469,320.60. This trade represents a 43.96 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.63% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock worth $28,000 after purchasing an additional 622 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Winnebago Industries in the 4th quarter worth about $3,175,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Winnebago Industries by 18.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,693 shares of the construction company's stock valued at $4,047,000 after buying an additional 13,365 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $1,652,000. Finally, Vident Advisory LLC raised its holdings in shares of Winnebago Industries by 13.4% in the fourth quarter. Vident Advisory LLC now owns 12,021 shares of the construction company's stock worth $574,000 after buying an additional 1,422 shares during the period.

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.