Winnebago Industries (NYSE:WGO) Hits New 12-Month Low - Here's What Happened

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $30.39 and last traded at $30.73, with a volume of 107380 shares traded. The stock had previously closed at $31.54.

Analyst Upgrades and Downgrades

Several research firms have commented on WGO. KeyCorp lowered their price objective on shares of Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Benchmark dropped their price target on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Baird R W downgraded Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird lowered Winnebago Industries from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $50.00 to $38.00 in a research note on Friday, April 4th. Finally, Truist Financial cut their target price on Winnebago Industries from $58.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Winnebago Industries currently has a consensus rating of "Hold" and an average target price of $54.00.

Winnebago Industries Stock Performance

The business has a 50-day moving average of $37.80 and a two-hundred day moving average of $48.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The company has a market cap of $868.41 million, a P/E ratio of -46.95 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 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 the consensus estimate of $621.41 million. During the same quarter in the previous year, the firm earned $0.93 EPS. The company's quarterly revenue was down 11.9% compared to the same quarter last year. On average, sell-side analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 4.39%. Winnebago Industries's dividend payout ratio is presently -544.00%.

Insider Buying and Selling

In other Winnebago Industries news, Director Kevin E. Bryant purchased 4,200 shares of the stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the acquisition, the director now owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jacqueline D. Woods sold 1,503 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, 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 owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC boosted its position in Winnebago Industries by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company's stock worth $416,000 after purchasing an additional 245 shares in the last quarter. Cascade Investment Advisors Inc. increased its holdings in shares of Winnebago Industries by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company's stock valued at $1,094,000 after purchasing an additional 380 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake 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 valued at $25,000 after purchasing an additional 390 shares during the period. Swiss National Bank boosted its holdings in Winnebago Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company's stock worth $2,719,000 after buying an additional 400 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Winnebago Industries by 9.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company's stock valued at $273,000 after buying an additional 506 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.