Winnebago Industries (NYSE:WGO) Shares Down 7.2% Following Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) fell 7.2% during mid-day trading on Friday after Truist Financial lowered their price target on the stock from $58.00 to $50.00. Truist Financial currently has a buy rating on the stock. Winnebago Industries traded as low as $35.07 and last traded at $34.89. 194,406 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 645,999 shares. The stock had previously closed at $37.58.

WGO has been the subject of a number of other reports. BMO Capital Markets cut their target price on Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday. StockNews.com upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. Benchmark reiterated a "buy" rating and issued a $70.00 price target on shares of Winnebago Industries in a report on Monday, December 23rd. Citigroup dropped their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Finally, DA Davidson cut their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 24th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Winnebago Industries has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

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Insider Buying and Selling

In other news, 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 transaction, the director now directly owns 10,985 shares of the company's stock, valued at $486,855.20. The trade was a 12.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.63% of the stock is owned by corporate insiders.

Institutional Trading of Winnebago Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Winnebago Industries by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock valued at $104,250,000 after purchasing an additional 48,517 shares during the last quarter. First Trust Advisors LP lifted its holdings in Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock valued at $78,540,000 after purchasing an additional 474,273 shares during the last quarter. State Street Corp lifted its holdings in Winnebago Industries by 0.6% during the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company's stock worth $65,711,000 after purchasing an additional 6,979 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after purchasing an additional 173,274 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock worth $29,889,000 after purchasing an additional 50,634 shares during the last quarter.

Winnebago Industries Stock Down 0.7 %

The firm has a market cap of $980.21 million, a PE ratio of -52.30 and a beta of 1.70. The stock has a 50-day simple moving average of $41.45 and a two-hundred day simple moving average of $50.57. 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 earnings per share (EPS) for the quarter, meeting 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 analysts' expectations of $621.41 million. During the same quarter in the previous year, the company earned $0.93 earnings per share. The company's revenue for the quarter was down 11.9% compared to the same quarter last year. Analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries's dividend payout ratio is presently -206.06%.

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.