Winnebago Industries (NYSE:WGO) Trading Down 4.1% on Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) shares dropped 4.1% on Tuesday after KeyCorp lowered their price target on the stock from $47.00 to $40.00. KeyCorp currently has an overweight rating on the stock. Winnebago Industries traded as low as $29.91 and last traded at $29.72. Approximately 102,402 shares changed hands during trading, a decline of 85% from the average daily volume of 691,979 shares. The stock had previously closed at $30.98.

A number of other equities analysts also recently issued reports on the company. Robert W. Baird downgraded Winnebago Industries from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 in a research note on Friday, April 4th. DA Davidson raised Winnebago Industries to a "hold" rating in a report on Monday, April 14th. Citigroup cut their target price on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. StockNews.com lowered shares of Winnebago Industries from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Finally, Baird R W lowered shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $51.89.

Insider Buying and Selling

In other Winnebago Industries news, Director Kevin E. Bryant bought 4,200 shares of the company's stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the transaction, the director now directly owns 13,755 shares of the company's stock, valued at approximately $469,320.60. This represents a 43.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owns 10,985 shares in the company, valued at approximately $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 currently owned by company insiders.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Winnebago Industries by 76.0% during the 3rd quarter. FMR LLC now owns 3,623 shares of the construction company's stock worth $211,000 after purchasing an additional 1,565 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Winnebago Industries by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company's stock worth $416,000 after purchasing an additional 245 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Winnebago Industries in the 3rd quarter valued at $333,000. JPMorgan Chase & Co. increased its stake in shares of Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock worth $49,714,000 after acquiring an additional 173,274 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Winnebago Industries by 15.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,638 shares of the construction company's stock worth $508,000 after purchasing an additional 1,417 shares during the last quarter.

Winnebago Industries Stock Up 3.4 %

The business's 50-day moving average is $36.31 and its 200-day moving average is $47.61. The company has a market capitalization of $858.55 million, a price-to-earnings ratio of -46.42 and a beta of 1.49. 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 issued its earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. 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 prior year, the business earned $0.93 earnings per share. The company's revenue was down 11.9% compared to the same quarter last year. As a group, equities analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given 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 4.44%. Winnebago Industries's dividend payout ratio is presently -544.00%.

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.