Winnebago Industries (NYSE:WGO) Sets New 12-Month Low – Here’s What Happened

Winnebago Industries, Inc. (NYSE:WGO)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $43.31 and last traded at $43.69, with a volume of 30426 shares changing hands. The stock had previously closed at $44.51.

Analysts Set New Price Targets

WGO has been the subject of a number of recent analyst reports. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, November 11th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective on the stock in a research report on Wednesday, January 8th. BMO Capital Markets cut their target price 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. Finally, Truist Financial boosted their price target on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Winnebago Industries Trading Down 2.9 %

The firm has a market cap of $1.23 billion, a P/E ratio of -65.52 and a beta of 1.62. The stock has a 50 day simple moving average of $48.21 and a 200-day simple moving average of $54.53. 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 released its quarterly earnings results on Friday, December 20th. 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 negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. During the same period in the previous year, the company earned $1.06 EPS. Winnebago Industries’s revenue for the quarter was down 18.0% compared to the same quarter last year. On average, equities research analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 3.15%. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Insider Buying and Selling at Winnebago Industries

In related 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 transaction, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. This represents a 12.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. First Trust Advisors LP lifted its stake in shares of Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after acquiring an additional 474,273 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock worth $15,369,000 after purchasing an additional 305,818 shares during the last quarter. Barclays PLC boosted its stake in shares of Winnebago Industries by 494.5% during the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after purchasing an additional 245,131 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after purchasing an additional 173,274 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Winnebago Industries by 1,242.6% in the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after purchasing an additional 168,055 shares during 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.