Winnebago Industries (NYSE:WGO) Hits New 12-Month Low Following Analyst Downgrade

Shares of Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) reached a new 52-week low during mid-day trading on Monday after StockNews.com downgraded the stock from a hold rating to a sell rating. The stock traded as low as $33.59 and last traded at $34.27, with a volume of 187165 shares changing hands. The stock had previously closed at $34.75.

A number of other research analysts have also recently commented on WGO. KeyCorp reduced their target price on Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Citigroup lowered their price objective on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Truist Financial dropped their price target on Winnebago Industries from $58.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, March 28th. DA Davidson lowered their target price on Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Tuesday, December 24th. Finally, BMO Capital Markets decreased 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $56.89.

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Insiders Place Their Bets

In related news, Director Kevin E. Bryant acquired 4,200 shares of the business's stock in a transaction dated Monday, March 31st. The shares were purchased at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now directly owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares of the company's stock, valued at approximately $486,855.20. This represents a 12.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.63% of the company's stock.

Institutional Investors Weigh In On Winnebago Industries

A number of large investors have recently bought and sold shares of WGO. Charles Schwab Investment Management Inc. lifted its stake in Winnebago Industries by 10.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company's stock valued at $33,408,000 after acquiring an additional 54,272 shares during the period. FMR LLC lifted its position in Winnebago Industries by 76.0% during the third quarter. FMR LLC now owns 3,623 shares of the construction company's stock valued at $211,000 after purchasing an additional 1,565 shares during the period. BNP Paribas Financial Markets boosted its holdings in Winnebago Industries by 23.6% in the third quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company's stock valued at $921,000 after purchasing an additional 3,030 shares during the last quarter. Verition Fund Management LLC grew its position in Winnebago Industries by 16.3% during the 3rd quarter. Verition Fund Management LLC now owns 29,356 shares of the construction company's stock worth $1,706,000 after purchasing an additional 4,123 shares during the period. Finally, Centiva Capital LP acquired a new position in shares of Winnebago Industries in the 3rd quarter valued at about $678,000.

Winnebago Industries Stock Up 3.9 %

The stock has a market cap of $1.00 billion, a PE ratio of -54.32 and a beta of 1.70. The business has a 50 day moving average price of $40.67 and a 200 day moving average price of $50.17. 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 released its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $621.41 million. During the same quarter in the prior year, the firm posted $0.93 EPS. The business's quarterly revenue was down 11.9% compared to the same quarter last year. Equities research analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.34 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 annualized dividend and a yield of 3.79%. Winnebago Industries's dividend payout ratio (DPR) is currently -544.00%.

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.