Winnebago Industries (NYSE:WGO) Hits New 52-Week Low on Analyst Downgrade

Shares of Winnebago Industries, Inc. (NYSE:WGO) hit a new 52-week low 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.

WGO has been the topic of a number of other reports. 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. Benchmark reaffirmed a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. DA Davidson reduced 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. Truist Financial boosted their target price 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. Finally, StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now directly owns 10,985 shares of the company’s stock, valued at $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

Several institutional investors have recently added to or reduced their stakes in WGO. Sanctuary Advisors LLC increased its stake in Winnebago Industries by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after purchasing an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. grew its position in shares of Winnebago Industries by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after acquiring an additional 380 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after acquiring an additional 390 shares during the last quarter. Swiss National Bank grew its position in shares of Winnebago Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock worth $2,719,000 after acquiring an additional 400 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Winnebago Industries by 9.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after acquiring an additional 506 shares during the last quarter.

Winnebago Industries Stock Down 0.5 %

The firm’s 50-day moving average price is $42.69 and its 200 day moving average price is $51.40. The firm has a market cap of $984.52 million, a P/E ratio of -52.53 and a beta of 1.70. 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) last released its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). The firm had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm’s revenue was down 18.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 EPS. As a group, research analysts expect 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. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.92%. Winnebago Industries’s dividend payout ratio is currently -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.