Winnebago Industries (NYSE:WGO) Downgraded by StockNews.com

StockNews.com cut shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

WGO has been the subject of several other reports. Roth Mkm lowered their price target on Winnebago Industries from $70.00 to $59.00 and set a neutral rating for the company in a report on Friday, June 21st. BMO Capital Markets lowered their price target on Winnebago Industries from $80.00 to $75.00 and set an outperform rating for the company in a report on Friday, June 21st. Robert W. Baird lowered their price target on Winnebago Industries from $75.00 to $70.00 and set an outperform rating for the company in a report on Friday, June 21st. Benchmark started coverage on Winnebago Industries in a report on Thursday, July 18th. They issued a buy rating and a $75.00 price target for the company. Finally, Truist Financial lowered their price target on Winnebago Industries from $68.00 to $65.00 and set a buy rating for the company in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $69.57.

Winnebago Industries Trading Down 1.3 %

NYSE:WGO opened at $59.62 on Monday. Winnebago Industries has a 1-year low of $49.68 and a 1-year high of $75.42. The business’s 50-day moving average price is $56.52 and its two-hundred day moving average price is $61.84. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 23.02 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The business had revenue of $786.00 million during the quarter, compared to the consensus estimate of $798.26 million. During the same quarter last year, the company earned $2.13 earnings per share. The firm’s revenue was down 12.7% compared to the same quarter last year. On average, equities analysts expect that Winnebago Industries will post 4.19 earnings per share for the current year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be issued a $0.34 dividend. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.36 annualized dividend and a dividend yield of 2.28%. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.

Insider Buying and Selling

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the transaction, the senior vice president now directly owns 41,315 shares in the company, valued at $2,395,443.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in Winnebago Industries during the fourth quarter worth $30,000. Principal Securities Inc. acquired a new position in shares of Winnebago Industries during the 4th quarter worth about $39,000. Innealta Capital LLC acquired a new stake in Winnebago Industries in the 2nd quarter valued at about $45,000. EntryPoint Capital LLC bought a new position in Winnebago Industries during the first quarter worth about $75,000. Finally, nVerses Capital LLC acquired a new position in Winnebago Industries during the second quarter worth approximately $76,000.

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.