Winnebago Industries (NYSE:WGO) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

WGO has been the topic of several other reports. Citigroup reduced their price target on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. DA Davidson cut their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Truist Financial reduced their price target on Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Benchmark decreased their target price on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets reduced their price target on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.89.

Winnebago Industries Stock Up 3.9 %

Shares of NYSE WGO opened at $35.85 on Wednesday. The business has a 50-day moving average of $40.67 and a 200-day moving average of $50.17. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -54.32 and a beta of 1.70. Winnebago Industries has a 12 month low of $33.59 and a 12 month high of $72.15. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. Sell-side analysts expect that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is presently -544.00%.

Insider Activity

In other news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the sale, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This represents a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin E. Bryant acquired 4,200 shares of the stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the purchase, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. This trade represents a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC grew 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 valued at $416,000 after acquiring an additional 245 shares during the period. Cascade Investment Advisors Inc. grew its holdings in Winnebago Industries by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock valued at $1,094,000 after purchasing an additional 380 shares during the period. Smartleaf Asset Management LLC increased its position in Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after buying an additional 390 shares in the last quarter. Swiss National Bank increased its holdings in Winnebago Industries by 0.7% in the 4th 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 in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Winnebago Industries by 9.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after purchasing an additional 506 shares in the last quarter.

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.