Winnebago Industries (NYSE:WGO) Hits New 1-Year Low - Here's Why

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $43.31 and last traded at $43.69, with a volume of 30426 shares traded. The stock had previously closed at $44.51.

Analysts Set New Price Targets

WGO has been the topic of a number of analyst reports. StockNews.com cut Winnebago Industries from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th. Northcoast Research upgraded Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Monday, November 11th. BMO Capital Markets lowered 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. Robert W. Baird lowered their target price on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Finally, DA Davidson lowered 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. One research 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. According to MarketBeat, Winnebago Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

Winnebago Industries Trading Down 1.5 %

The company has a market cap of $1.18 billion, a PE ratio of -63.03 and a beta of 1.62. The business has a 50 day simple moving average of $47.64 and a two-hundred day simple moving average of $54.37. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.

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

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries's dividend payout ratio (DPR) is currently -206.06%.

Insider Buying and Selling

In related news, Director Jacqueline D. Woods sold 1,503 shares of the 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 sale, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. This represents a 12.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.63% of the company's stock.

Institutional Trading of Winnebago Industries

Several large investors have recently added to or reduced their stakes in WGO. Smartleaf Asset Management LLC grew its stake in shares of Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after acquiring an additional 390 shares in the last quarter. R Squared Ltd acquired a new position in Winnebago Industries in the fourth quarter worth about $43,000. Sterling Capital Management LLC grew its stake in Winnebago Industries by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock worth $43,000 after purchasing an additional 807 shares in the last quarter. Quarry LP grew its stake in Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company's stock worth $50,000 after purchasing an additional 848 shares in the last quarter. Finally, KBC Group NV grew its stake in Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company's stock worth $72,000 after purchasing an additional 587 shares in the last quarter.

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.