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

Winnebago Industries, Inc. (NYSE:WGO) shares were down 7.2% during 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. Approximately 194,406 shares were traded during trading, a decline of 70% from the average daily volume of 645,999 shares. The stock had previously closed at $37.58.

A number of other research firms have also commented on WGO. Citigroup lowered their price target on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Benchmark reissued 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 cut their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. BMO Capital Markets lowered their target price on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Winnebago Industries has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the firm’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 completion of the transaction, the director now owns 10,985 shares in the company, 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 hyperlink. 4.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Winnebago Industries

Several hedge funds have recently bought and sold shares of WGO. Vanguard Group Inc. grew its position in shares of 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 in the last quarter. First Trust Advisors LP boosted its stake 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 buying an additional 474,273 shares during the period. State Street Corp grew its position in Winnebago Industries by 0.6% during the third quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock worth $65,711,000 after buying an additional 6,979 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after acquiring an additional 173,274 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Winnebago Industries by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock valued at $29,889,000 after acquiring an additional 50,634 shares in the last quarter.

Winnebago Industries Trading Down 7.5 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The stock has a market cap of $986.60 million, a P/E ratio of -52.64 and a beta of 1.70. The stock has a 50-day moving average price of $41.45 and a 200-day moving average price of $50.60.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share 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 business had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. During the same period last year, the firm posted $0.93 earnings per share. Winnebago Industries’s quarterly revenue was down 11.9% on a year-over-year basis. On average, equities research analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.91%. 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.