StockNews.com Downgrades Winnebago Industries (NYSE:WGO) to Sell

StockNews.com cut shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a report published on Friday.

A number of other equities analysts have also recently weighed in on WGO. Benchmark lowered their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. KeyCorp cut their price target on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Baird R W lowered shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Citigroup cut their price objective on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Winnebago Industries currently has a consensus rating of “Hold” and a consensus target price of $54.00.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock opened at $30.99 on Friday. The stock has a market capitalization of $868.41 million, a P/E ratio of -46.95 and a beta of 1.49. The business has a 50 day simple moving average of $37.80 and a two-hundred day simple moving average of $48.56. Winnebago Industries has a 12 month low of $28.29 and a 12 month high of $66.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. During the same quarter last year, the firm earned $0.93 earnings per share. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s payout ratio is -544.00%.

Insider Buying and Selling

In other news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin E. Bryant bought 4,200 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the transaction, the director now owns 13,755 shares in the company, valued at approximately $469,320.60. This trade represents a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is owned by company insiders.

Institutional Trading of Winnebago Industries

Several institutional investors and hedge funds have recently bought and sold shares of WGO. FMR LLC raised its holdings in shares of 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 buying an additional 1,565 shares during the last quarter. State Street Corp raised its stake 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 acquiring an additional 6,979 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Winnebago Industries during the 3rd quarter worth approximately $7,750,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Winnebago Industries in the 3rd quarter valued at approximately $616,000. Finally, Vestcor Inc increased its holdings in shares of Winnebago Industries by 105.6% in the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock valued at $1,000,000 after purchasing an additional 8,837 shares during the period.

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.