Winnebago Industries (NYSE:WGO) Hits New 1-Year Low – What’s Next?

Winnebago Industries, Inc. (NYSE:WGO)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as $26.25 and last traded at $26.32, with a volume of 190062 shares changing hands. The stock had previously closed at $27.01.

Analysts Set New Price Targets

Several brokerages have weighed in on WGO. Weiss Ratings reiterated a “hold (c-)” rating on shares of Winnebago Industries in a report on Friday, August 7th. Zacks Research raised shares of Winnebago Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Benchmark cut their price target on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Wall Street Zen upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Finally, Seaport Research Partners started coverage on shares of Winnebago Industries in a research report on Monday, July 27th. They set a “neutral” rating for the company. Three 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.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.22.

Winnebago Industries Stock Performance

The firm has a 50 day simple moving average of $30.05 and a 200-day simple moving average of $30.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.37 and a quick ratio of 0.92. The company has a market cap of $745.34 million, a price-to-earnings ratio of 19.38 and a beta of 1.12.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were issued a dividend of $0.36 per share. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Wednesday, September 9th. Winnebago Industries’s dividend payout ratio is currently 105.88%.

Insider Activity at Winnebago Industries

In other news, SVP Bret A. Woodson sold 1,235 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $31.73, for a total value of $39,186.55. Following the completion of the sale, the senior vice president owned 31,373 shares of the company’s stock, valued at $995,465.29. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael J. Happe sold 12,045 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 349,349 shares of the company’s stock, valued at approximately $11,416,725.32. The trade was 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 sold a total of 15,694 shares of company stock valued at $511,658 over the last three months. Insiders own 4.88% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WGO. Maple Rock Capital Partners Inc. boosted its stake in shares of Winnebago Industries by 33.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock worth $48,710,000 after acquiring an additional 389,400 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Winnebago Industries in the 2nd quarter valued at $1,332,000. Squarepoint Ops LLC increased its stake in Winnebago Industries by 181.3% in the 2nd quarter. Squarepoint Ops LLC now owns 113,403 shares of the RV manufacturer’s stock worth $3,543,000 after purchasing an additional 73,084 shares in the last quarter. De Lisle Partners LLP raised its holdings in Winnebago Industries by 938.3% during the 4th quarter. De Lisle Partners LLP now owns 152,411 shares of the RV manufacturer’s stock worth $6,183,000 after buying an additional 137,732 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Winnebago Industries during the second quarter valued at about $4,363,000.

About Winnebago Industries

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products headquartered in Forest City, Iowa. Founded in 1958, the company initially became known for producing motorhomes under the Winnebago brand and has since expanded into a broad portfolio of recreational lifestyle products.

The company manufactures motorhomes, travel trailers, fifth-wheel trailers, and other towable recreational vehicles. Its brand portfolio includes Winnebago, Grand Design, Newmar, Chris-Craft, and Barletta, offering products that range from entry-level and premium RVs to luxury motor yachts and pontoon boats.

Winnebago serves customers primarily through independent dealers in the United States and Canada, with products also distributed in select international markets.