Winnebago Industries (NYSE:WGO) Reaches New 12-Month Low - Here's Why

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $41.25 and last traded at $42.40, with a volume of 681518 shares traded. The stock had previously closed at $41.53.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. 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 research note on Monday, November 11th. KeyCorp upgraded shares of Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 price objective for the company in a research note on Wednesday, January 8th. Benchmark reissued a "buy" rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Truist Financial lifted their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, DA Davidson decreased their price objective on Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Winnebago Industries has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

Winnebago Industries Stock Performance

The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.15 billion, a PE ratio of -61.19 and a beta of 1.62. The firm has a 50 day moving average price of $46.47 and a 200-day moving average price of $53.86.

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

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $0.34 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.37%. Winnebago Industries's payout ratio is -206.06%.

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the business's stock in a transaction on Thursday, February 13th. The shares were 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 directly owns 10,985 shares in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Winnebago Industries during the 3rd quarter valued at about $7,750,000. Quantbot Technologies LP increased its position in shares of Winnebago Industries by 94.5% in the third quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company's stock valued at $3,736,000 after buying an additional 31,242 shares in the last quarter. Vestcor Inc raised its stake in shares of Winnebago Industries by 105.6% during the 3rd quarter. Vestcor Inc now owns 17,205 shares of the construction company's stock worth $1,000,000 after buying an additional 8,837 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after buying an additional 173,274 shares in the last quarter. Finally, Entropy Technologies LP grew its stake in Winnebago Industries by 89.2% in the 3rd quarter. Entropy Technologies LP now owns 18,659 shares of the construction company's stock valued at $1,084,000 after acquiring an additional 8,796 shares during the period.

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.