Winnebago Industries (NYSE:WGO) Sets New 52-Week Low – Time to Sell?

Winnebago Industries, Inc. (NYSE:WGO) shares reached a new 52-week low on Tuesday . The company traded as low as $30.39 and last traded at $30.73, with a volume of 107380 shares traded. The stock had previously closed at $31.54.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup cut their price target on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. DA Davidson cut their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. KeyCorp lowered their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. BMO Capital Markets cut their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Finally, Robert W. Baird lowered shares of Winnebago Industries from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $38.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries currently has a consensus rating of “Hold” and a consensus target price of $54.00.

Winnebago Industries Stock 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 company has a market cap of $799.78 million, a PE ratio of -43.17 and a beta of 1.49. The company’s 50 day moving average price is $39.73 and its 200-day moving average price is $49.56.

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

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 4.77%. Winnebago Industries’s dividend payout ratio is presently -544.00%.

Insider Transactions at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction on 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 directly owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kevin E. Bryant bought 4,200 shares of the business’s stock in a transaction on Monday, March 31st. The stock was bought at an average price of $34.12 per share, with a total value of $143,304.00. Following the purchase, the director now owns 13,755 shares in the company, valued at $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. 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 bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after acquiring an additional 390 shares in the last quarter. Versant Capital Management Inc lifted its stake in Winnebago Industries by 304.9% during the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock worth $28,000 after purchasing an additional 622 shares during the last quarter. Parallel Advisors LLC lifted its stake in Winnebago Industries by 629.2% during the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock worth $28,000 after purchasing an additional 711 shares during the last quarter. R Squared Ltd bought a new position in shares of Winnebago Industries during the 4th quarter valued at about $43,000. Finally, Sterling Capital Management LLC raised its holdings in shares of Winnebago Industries by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after buying an additional 807 shares in the last quarter.

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.