Winnebago Industries (NYSE:WGO) Stock Rating Lowered by Zacks Research

Winnebago Industries (NYSE:WGO) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

A number of other research analysts have also recently commented on WGO. Seaport Research Partners initiated coverage on Winnebago Industries in a report on Monday, July 27th. They issued a “neutral” rating on the stock. Wall Street Zen raised Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Raymond James Financial restated a “market perform” rating on shares of Winnebago Industries in a research report on Wednesday, October 21st. Citigroup upped their price target on Winnebago Industries from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, October 22nd. Finally, Weiss Ratings cut Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Winnebago Industries has an average rating of “Hold” and a consensus price target of $35.00.

Winnebago Industries Price Performance

Shares of WGO stock opened at $31.47 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.17 and a quick ratio of 1.04. The company has a market capitalization of $894.89 million, a PE ratio of 26.00 and a beta of 1.21. The firm’s 50-day moving average is $27.49 and its two-hundred day moving average is $32.68. Winnebago Industries has a 12 month low of $21.95 and a 12 month high of $50.16.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. Analysts predict that Winnebago Industries will post 1.94 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Bret Woodson sold 2,414 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $32.66, for a total transaction of $78,841.24. Following the completion of the transaction, the senior vice president owned 31,274 shares of the company’s stock, valued at approximately $1,021,408.84. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Happe sold 12,045 shares of Winnebago Industries stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the sale, the chief executive officer owned 349,349 shares of the company’s stock, valued at $11,416,725.32. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,694 shares of company stock valued at $511,658 in the last ninety days. 4.88% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Pzena Investment Management LLC acquired a new position in Winnebago Industries during the 2nd quarter worth about $53,406,000. Dimensional Fund Advisors LP grew its position in Winnebago Industries by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock valued at $48,968,000 after acquiring an additional 129,228 shares in the last quarter. Maple Rock Capital Partners Inc. grew its position in Winnebago Industries by 33.3% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock valued at $48,710,000 after acquiring an additional 389,400 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Winnebago Industries by 72.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after acquiring an additional 280,017 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in Winnebago Industries in the 2nd quarter valued at about $9,545,000.

About Winnebago Industries

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.

Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.

Founded in 1958, the company is headquartered in Forest City, Iowa.