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

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

A number of other research firms have also issued reports on WGO. Robert W. Baird reduced their target price 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. Benchmark initiated coverage on Winnebago Industries in a research report on Thursday, July 18th. They issued a buy rating and a $75.00 target price on the stock. Citigroup boosted their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a buy rating in a research report on Friday, July 12th. Roth Mkm lowered their price target on Winnebago Industries from $70.00 to $59.00 and set a neutral rating on the stock in a report on Friday, June 21st. Finally, BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $80.00 to $75.00 and set an outperform rating for the company in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Winnebago Industries presently has a consensus rating of Moderate Buy and an average target price of $69.57.

Winnebago Industries Stock Up 3.2 %

Shares of Winnebago Industries stock opened at $56.53 on Wednesday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 21.83 and a beta of 1.62. Winnebago Industries has a twelve month low of $49.68 and a twelve month high of $75.42. 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 business’s 50 day simple moving average is $57.48 and its 200-day simple moving average is $60.81.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share 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 company had revenue of $786.00 million during the quarter, compared to analyst estimates of $798.26 million. During the same period in the prior year, the business earned $2.13 earnings per share. Winnebago Industries’s quarterly revenue was down 12.7% on a year-over-year basis. Equities research analysts forecast that Winnebago Industries will post 4.19 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be given a $0.34 dividend. The ex-dividend date is Wednesday, September 11th. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.41%. Winnebago Industries’s payout ratio is 52.51%.

Insider Buying and Selling at Winnebago Industries

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WGO. Principal Securities Inc. bought a new stake in shares of Winnebago Industries during the 4th quarter worth $39,000. Innealta Capital LLC purchased a new position in Winnebago Industries in the 2nd quarter worth about $45,000. EntryPoint Capital LLC acquired a new stake in Winnebago Industries during the 1st quarter worth about $75,000. nVerses Capital LLC purchased a new stake in Winnebago Industries during the second quarter valued at about $76,000. Finally, Headlands Technologies LLC acquired a new position in shares of Winnebago Industries in the second quarter worth about $110,000.

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.