Winnebago Industries (NYSE:WGO) Hits New 1-Year Low on Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO) hit a new 52-week low during mid-day trading on Thursday after KeyCorp lowered their price target on the stock from $58.00 to $47.00. KeyCorp currently has an overweight rating on the stock. Winnebago Industries traded as low as $34.05 and last traded at $34.93, with a volume of 55780 shares changing hands. The stock had previously closed at $35.45.

Several other equities analysts also recently weighed in on the stock. DA Davidson lowered their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Benchmark restated a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. Truist Financial boosted their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Citigroup reduced their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Winnebago Industries has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Activity at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This trade represents 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 currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WGO. Smartleaf Asset Management LLC lifted its holdings in 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 in the last quarter. R Squared Ltd acquired a new position in shares of Winnebago Industries during the 4th quarter valued at about $43,000. Sterling Capital Management LLC lifted its position in Winnebago Industries by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after buying an additional 807 shares during the last quarter. Quarry LP lifted its position in Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Winnebago Industries by 64.5% during the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after buying an additional 587 shares during the period.

Winnebago Industries Price Performance

The stock’s 50 day moving average is $42.93 and its two-hundred day moving average is $51.58. 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 stock has a market capitalization of $987.85 million, a PE ratio of -52.71 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) 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 negative net margin of 0.63% and a positive return on equity of 5.32%. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. As a group, sell-side analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is -206.06%.

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.