Winnebago Industries (NYSE:WGO) Hits New 52-Week Low – Here’s Why

Winnebago Industries, Inc. (NYSE:WGO)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.59 and last traded at $45.68, with a volume of 49749 shares traded. The stock had previously closed at $46.92.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WGO. DA Davidson lowered their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Truist Financial decreased their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Benchmark reiterated a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, Robert W. Baird cut their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.63.

Winnebago Industries Stock Performance

The firm has a market capitalization of $1.36 billion, a PE ratio of 159.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The business’s fifty day simple moving average is $56.05 and its 200-day simple moving average is $56.73.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The business’s revenue was down 18.0% on a year-over-year basis. As a group, equities research analysts expect that Winnebago Industries, Inc. will post 3.52 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Wednesday, January 15th. Winnebago Industries’s payout ratio is presently -206.06%.

Insiders Place Their Bets

In related news, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the transaction, the senior vice president now owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. This trade represents a 33.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael J. Happe acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the transaction, the chief executive officer now owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. This trade represents a 0.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Winnebago Industries during the 3rd quarter worth approximately $333,000. Sanctuary Advisors LLC boosted its holdings in Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after acquiring an additional 245 shares during the period. TT International Asset Management LTD grew its position in Winnebago Industries by 641.8% in the 3rd quarter. TT International Asset Management LTD now owns 52,903 shares of the construction company’s stock valued at $3,074,000 after acquiring an additional 45,771 shares during the last quarter. Finally, Vestcor Inc increased its stake in Winnebago Industries by 105.6% in the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after purchasing an additional 8,837 shares during the period.

About Winnebago Industries

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.