Winnebago Industries (NYSE:WGO) Cut to Sell at StockNews.com

StockNews.com cut shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a report released on Friday.

Several other equities research analysts have also recently issued reports on the stock. Benchmark initiated coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They set a “buy” rating and a $75.00 target price on the stock. Robert W. Baird dropped their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Citigroup raised their target price on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. BMO Capital Markets dropped their price target on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Finally, Roth Mkm reduced their price objective 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.00.

Winnebago Industries Stock Performance

NYSE WGO opened at $60.38 on Friday. 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 $57.93 and its 200-day simple moving average is $59.07. The company has a market cap of $1.75 billion, a PE ratio of 23.31 and a beta of 1.61. Winnebago Industries has a 1-year low of $49.68 and a 1-year high of $75.42.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.25%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, September 11th. Winnebago Industries’s dividend payout ratio is presently 52.51%.

Insider Buying and Selling at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $57.98, for a total transaction of $193,247.34. Following the completion of the sale, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WGO. Quadrature Capital Ltd acquired a new position in shares of Winnebago Industries in the 4th quarter worth approximately $704,000. Aviance Capital Partners LLC boosted its position in shares of Winnebago Industries by 6.7% during the first quarter. Aviance Capital Partners LLC now owns 19,519 shares of the construction company’s stock worth $1,444,000 after buying an additional 1,230 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Winnebago Industries in the first quarter valued at $249,000. Principal Financial Group Inc. raised its holdings in shares of Winnebago Industries by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 171,110 shares of the construction company’s stock valued at $12,662,000 after buying an additional 1,163 shares during the period. Finally, Vest Financial LLC lifted its stake in Winnebago Industries by 296.1% during the 1st quarter. Vest Financial LLC now owns 12,993 shares of the construction company’s stock worth $961,000 after acquiring an additional 9,713 shares in the last quarter.

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.