Winnebago Industries (NYSE:WGO) Reaches New 12-Month Low Following Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO)’s stock price hit a new 52-week low during trading on Wednesday after Benchmark lowered their price target on the stock from $48.00 to $40.00. Benchmark currently has a buy rating on the stock. Winnebago Industries traded as low as $27.05 and last traded at $27.15, with a volume of 1573392 shares trading hands. The stock had previously closed at $28.28.

Other research analysts also recently issued research reports about the company. Robert W. Baird reduced 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. Wall Street Zen cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Citigroup lowered Winnebago Industries from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $46.00 to $30.00 in a research report on Wednesday, May 27th. Northcoast Research downgraded Winnebago Industries from a “buy” rating to a “neutral” rating in a report on Monday, June 1st. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Winnebago Industries in a research note on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.90.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Winnebago Industries by 90.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after purchasing an additional 364 shares during the last quarter. Clearstead Advisors LLC bought a new stake in Winnebago Industries during the 4th quarter valued at about $35,000. Hantz Financial Services Inc. increased its stake in Winnebago Industries by 36.2% during the 4th quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock valued at $66,000 after purchasing an additional 435 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after buying an additional 309 shares during the last quarter. Finally, State of Wyoming raised its holdings in Winnebago Industries by 151.4% in the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock worth $99,000 after buying an additional 2,051 shares during the last quarter.

Winnebago Industries Trading Down 4.8%

The firm’s 50 day moving average price is $30.26 and its 200-day moving average price is $36.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99. The stock has a market cap of $760.92 million, a P/E ratio of 18.46 and a beta of 1.12.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The business had revenue of $657.40 million for the quarter, compared to analysts’ expectations of $628.00 million. During the same period in the prior year, the firm posted $0.19 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Winnebago Industries, Inc. will post 2.34 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be paid a $0.35 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.40 annualized dividend and a dividend yield of 5.2%. Winnebago Industries’s payout ratio is currently 95.24%.

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.