Winnebago Industries (NYSE:WGO) Sets New 52-Week Low – Here’s What Happened

Shares of Winnebago Industries, Inc. (NYSE:WGO) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $41.25 and last traded at $42.40, with a volume of 681518 shares changing hands. The stock had previously closed at $41.53.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WGO shares. Truist Financial lifted their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, February 10th. 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 report on Wednesday, January 8th. Benchmark reiterated a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a research note on Monday, December 23rd. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, November 11th. Finally, StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. One investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Winnebago Industries Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -64.25 and a beta of 1.62. The business’s 50 day simple moving average is $47.12 and its 200-day simple moving average is $54.13.

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

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $0.34 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.21%. Winnebago Industries’s payout ratio is -206.06%.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. This represents a 12.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in WGO. First Trust Advisors LP boosted its holdings in shares of Winnebago Industries by 40.6% in the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after acquiring an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Winnebago Industries by 1,930.2% in the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock worth $15,369,000 after purchasing an additional 305,818 shares during the period. Barclays PLC boosted its stake in Winnebago Industries by 494.5% during the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after purchasing an additional 245,131 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after purchasing an additional 173,274 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Winnebago Industries by 1,242.6% in the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after buying an additional 168,055 shares in the last quarter.

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.