Winnebago Industries (NYSE:WGO) Shares Down 3.2% – What’s Next?

Winnebago Industries, Inc. (NYSE:WGO) dropped 3.2% on Monday . The stock traded as low as $35.27 and last traded at $34.91. Approximately 54,820 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 625,041 shares. The stock had previously closed at $36.05.

Analyst Upgrades and Downgrades

WGO has been the topic of a number of analyst reports. Truist Financial lifted their target price on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Benchmark reiterated a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a research note on Monday, December 23rd. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. DA Davidson reduced their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. Finally, KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.00.

Winnebago Industries Trading Down 2.3 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The firm has a market capitalization of $1.00 billion, a P/E ratio of -53.39 and a beta of 1.70. The firm has a 50 day moving average price of $44.00 and a two-hundred day moving average price of $52.15.

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 firm had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The firm’s revenue 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Insiders Place Their Bets

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value 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. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WGO. Vanguard Group Inc. lifted its holdings in Winnebago Industries by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock valued at $104,250,000 after purchasing an additional 48,517 shares during the last quarter. First Trust Advisors LP grew its position in 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. State Street Corp increased its holdings in Winnebago Industries by 0.6% during the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after purchasing an additional 6,979 shares in the last quarter. JPMorgan Chase & Co. raised its position in Winnebago Industries by 25.4% in the 3rd 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Winnebago Industries by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock worth $29,889,000 after purchasing an additional 50,634 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.