Winnebago Industries (NYSE:WGO) Hits New 12-Month Low – Here’s Why

Winnebago Industries, Inc. (NYSE:WGO) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $27.72 and last traded at $28.1050, with a volume of 87030 shares trading hands. The stock had previously closed at $29.04.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial lowered their price target on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Robert W. Baird lowered their price target on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Weiss Ratings lowered Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. BMO Capital Markets lowered their price target on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Finally, Citigroup lowered their price target on Winnebago Industries from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Winnebago Industries has a consensus rating of “Hold” and an average target price of $42.30.

Winnebago Industries Trading Down 2.5%

The business has a fifty day moving average of $32.32 and a 200-day moving average of $38.22. The stock has a market capitalization of $800.13 million, a price-to-earnings ratio of 19.31 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $657.40 million for the quarter, compared to analyst estimates of $628.00 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.Winnebago Industries’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. On average, equities analysts anticipate that Winnebago Industries, Inc. will post 2.33 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, June 10th. Winnebago Industries’s payout ratio is presently 95.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WGO. Northwestern Mutual Wealth Management Co. grew its holdings in Winnebago Industries by 90.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after acquiring an additional 364 shares during the period. Clearstead Advisors LLC acquired a new position in shares of Winnebago Industries in the 4th quarter valued at $35,000. Hantz Financial Services Inc. boosted its position in shares of Winnebago Industries by 825.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock valued at $40,000 after purchasing an additional 1,073 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Winnebago Industries by 15.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after purchasing an additional 309 shares during the period. Finally, State of Wyoming boosted its position in shares of Winnebago Industries by 151.4% in the 2nd quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock valued at $99,000 after purchasing an additional 2,051 shares during the period.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.