Winnebago Industries (NYSE:WGO) Reaches New 52-Week Low at $51.02

Winnebago Industries, Inc. (NYSE:WGO)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $51.02 and last traded at $51.97, with a volume of 73666 shares changing hands. The stock had previously closed at $51.89.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Robert W. Baird cut their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. DA Davidson increased their target price on Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Finally, Roth Mkm dropped their price target on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.50.

Winnebago Industries Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The stock’s 50 day simple moving average is $60.12 and its two-hundred day simple moving average is $65.68. The firm has a market cap of $1.55 billion, a P/E ratio of 20.64 and a beta of 1.72.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Thursday, June 20th. The construction company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The company had revenue of $786.00 million for the quarter, compared to the consensus estimate of $798.26 million. During the same period last year, the business earned $2.13 EPS. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. As a group, research analysts forecast that Winnebago Industries, Inc. will post 4.37 earnings per share for the current year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Wednesday, June 12th. Winnebago Industries’s payout ratio is 47.88%.

Institutional Trading of Winnebago Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. 1832 Asset Management L.P. boosted its position in shares of Winnebago Industries by 484.1% during the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after buying an additional 832,187 shares during the last quarter. Broad Peak Investment Holdings Ltd. boosted its holdings in shares of Winnebago Industries by 108.2% during the 4th quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock valued at $53,325,000 after acquiring an additional 380,200 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Winnebago Industries by 44.7% in the fourth quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock worth $49,212,000 after acquiring an additional 208,452 shares during the period. Norges Bank purchased a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $13,809,000. Finally, Goldman Sachs Group Inc. lifted its position in Winnebago Industries by 10.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock valued at $121,044,000 after purchasing an additional 161,987 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.