Winnebago Industries (NYSE:WGO) Hits New 52-Week Low Following Weak Earnings

Winnebago Industries, Inc. (NYSE:WGO)’s share price reached a new 52-week low during trading on Monday following a weaker than expected earnings announcement. The company traded as low as $49.67 and last traded at $49.78, with a volume of 161516 shares trading hands. The stock had previously closed at $49.98.

The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. During the same quarter last year, the company earned $1.06 earnings per share. Winnebago Industries’s revenue for the quarter was down 18.0% on a year-over-year basis.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WGO shares. DA Davidson decreased their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Benchmark reissued a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Monday. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, November 11th. Finally, BMO Capital Markets cut their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Winnebago Industries currently has an average rating of “Moderate Buy” and a consensus price target of $66.63.

Insider Activity

In other news, Director William C. Fisher acquired 2,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were bought at an average cost of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now owns 32,267 shares in the company, valued at approximately $1,768,554.27. This trade represents a 6.61 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the sale, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. This trade represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of WGO. Wilmington Savings Fund Society FSB purchased a new stake in Winnebago Industries during the third quarter worth approximately $333,000. Sanctuary Advisors LLC lifted its position in shares of Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after buying an additional 245 shares during the last quarter. TT International Asset Management LTD boosted its holdings in shares of Winnebago Industries by 641.8% in the 3rd quarter. TT International Asset Management LTD now owns 52,903 shares of the construction company’s stock valued at $3,074,000 after buying an additional 45,771 shares in the last quarter. Vestcor Inc grew its position in shares of Winnebago Industries by 105.6% in the 3rd quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock valued at $1,000,000 after buying an additional 8,837 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Winnebago Industries during the 3rd quarter worth $616,000.

Winnebago Industries Trading Down 0.2 %

The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.38 billion, a PE ratio of 159.64 and a beta of 1.60. The business’s 50-day moving average is $57.26 and its two-hundred day moving average is $57.09.

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.