Winnebago Industries (NYSE:WGO) Sets New 52-Week Low – Here’s What Happened

Winnebago Industries, Inc. (NYSE:WGO) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $41.25 and last traded at $42.40, with a volume of 681518 shares. The stock had previously closed at $41.53.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Benchmark reissued a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a research note 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 report on Tuesday, December 24th. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, November 11th. Finally, KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Winnebago Industries Stock Up 2.1 %

The firm has a 50-day simple moving average of $47.12 and a 200 day simple moving average of $54.13. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The company has a market capitalization of $1.20 billion, a PE ratio of -64.25 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last announced its 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 company had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 earnings per share. On average, research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $0.34 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.21%. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

Insider Activity at Winnebago Industries

In other Winnebago Industries 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 value of $66,612.96. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after purchasing an additional 390 shares in the last quarter. Quarry LP boosted its stake in shares of Winnebago Industries by 4,038.1% during the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Winnebago Industries by 823.5% during the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock worth $43,000 after buying an additional 807 shares in the last quarter. R Squared Ltd bought a new stake in shares of Winnebago Industries in the fourth quarter worth $43,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Winnebago Industries by 196.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after acquiring an additional 989 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.