Winnebago Industries (NYSE:WGO) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a report published on Tuesday morning.

A number of other research analysts also recently commented on the stock. Robert W. Baird decreased their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. BMO Capital Markets lowered their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Citigroup raised their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Truist Financial decreased their target price on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Benchmark reduced their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Winnebago Industries currently has a consensus rating of “Moderate Buy” and an average price target of $67.14.

Winnebago Industries Price Performance

NYSE:WGO opened at $56.04 on Tuesday. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42. The company has a market cap of $1.62 billion, a P/E ratio of 186.80 and a beta of 1.61. 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 stock’s 50-day simple moving average is $57.68 and its 200 day simple moving average is $58.35.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). The company had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.59 EPS. As a group, sell-side analysts forecast that Winnebago Industries will post 3.72 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid a $0.34 dividend. The ex-dividend date was Wednesday, September 11th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 2.43%. Winnebago Industries’s dividend payout ratio is 453.33%.

Insiders Place Their Bets

In other Winnebago Industries news, Director William C. Fisher bought 2,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the transaction, the director now directly owns 32,267 shares in the company, valued at approximately $1,768,554.27. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Michael J. Happe acquired 2,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was purchased at an average cost of $55.52 per share, with a total value of $138,800.00. Following the acquisition, the chief executive officer now directly owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William C. Fisher bought 2,000 shares of Winnebago Industries stock in a transaction dated Monday, October 28th. The shares were bought at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the acquisition, the director now owns 32,267 shares in the company, valued at $1,768,554.27. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after acquiring an additional 316 shares during the period. Sound Income Strategies LLC raised its position in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after purchasing an additional 286 shares in the last quarter. Innealta Capital LLC bought a new stake in Winnebago Industries during the second quarter worth $45,000. EntryPoint Capital LLC acquired a new stake in shares of Winnebago Industries in the 1st quarter valued at $75,000. Finally, nVerses Capital LLC bought a new position in shares of Winnebago Industries in the 2nd quarter valued at $76,000.

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.