Winnebago Industries (NYSE:WGO) Reaches New 52-Week Low – What’s Next?

Winnebago Industries, Inc. (NYSE:WGO)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $44.01 and last traded at $44.60, with a volume of 97508 shares. The stock had previously closed at $46.10.

Analyst Upgrades and Downgrades

WGO has been the topic of several research reports. Robert W. Baird reduced their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. BMO Capital Markets cut their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research report on Wednesday, January 8th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, November 11th. Finally, Truist Financial boosted their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Winnebago Industries Trading Down 5.1 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The business’s 50 day simple moving average is $49.46 and its 200 day simple moving average is $55.08. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -66.27 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The firm had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. Research analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after purchasing an additional 390 shares during the last quarter. GAMMA Investing LLC raised its holdings in Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares in the last quarter. Sound Income Strategies LLC increased its stake in Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares in the last quarter. R Squared Ltd purchased a new stake in Winnebago Industries during the fourth quarter valued at about $43,000. Finally, Quarry LP raised its holdings in shares of Winnebago Industries by 4,038.1% during the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after acquiring an additional 848 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.