Winnebago Industries (NYSE:WGO) Cut to “Sell” at StockNews.com

StockNews.com lowered 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 topic of a number of other reports. Benchmark reaffirmed a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. Truist Financial upped their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday, February 10th. DA Davidson dropped their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Finally, KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and an average price target of $61.22.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $35.45 on Monday. The firm has a market cap of $1.01 billion, a PE ratio of -53.71 and a beta of 1.70. 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 has a 1-year low of $34.12 and a 1-year high of $74.10. The company has a fifty day moving average price of $43.20 and a 200 day moving average price of $51.69.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business 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 company earned $1.06 earnings per share. The company’s quarterly revenue was down 18.0% on a year-over-year basis. Research analysts predict that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.84%. Winnebago Industries’s payout ratio is currently -206.06%.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This trade represents 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 the SEC website. Insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds have recently bought and sold shares of WGO. Aviance Capital Partners LLC raised its stake in Winnebago Industries by 20.4% during the third quarter. Aviance Capital Partners LLC now owns 22,138 shares of the construction company’s stock worth $1,286,000 after buying an additional 3,751 shares during the last quarter. Intech Investment Management LLC raised its stake in Winnebago Industries by 123.5% during the third quarter. Intech Investment Management LLC now owns 13,960 shares of the construction company’s stock worth $811,000 after buying an additional 7,715 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Winnebago Industries by 10.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock worth $33,408,000 after buying an additional 54,272 shares during the last quarter. Quantbot Technologies LP increased its stake in Winnebago Industries by 94.5% in the third quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock valued at $3,736,000 after purchasing an additional 31,242 shares in the last quarter. Finally, FMR LLC increased its stake in Winnebago Industries by 76.0% in the third quarter. FMR LLC now owns 3,623 shares of the construction company’s stock valued at $211,000 after purchasing an additional 1,565 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.