Winnebago Industries (NYSE:WGO) Downgraded by StockNews.com to “Sell”

Winnebago Industries (NYSE:WGO) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Several other equities analysts have also commented on the stock. Benchmark reaffirmed a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research note on Wednesday, January 8th. Truist Financial raised their price target on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, DA Davidson dropped their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Winnebago Industries currently has an average rating of “Moderate Buy” and an average price target of $65.00.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock traded down $0.28 during trading on Monday, hitting $35.77. The stock had a trading volume of 1,115,578 shares, compared to its average volume of 624,647. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -54.20 and a beta of 1.70. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average is $43.73 and its 200 day moving average is $51.98. Winnebago Industries has a 12 month low of $34.12 and a 12 month high of $74.10.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). The company had revenue of $625.60 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter last year, the company posted $1.06 earnings per share. As a group, sell-side analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current year.

Insiders Place Their Bets

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction that occurred on 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 directly owns 10,985 shares in the company, valued at $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.63% of the stock is owned by insiders.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP bought a new position in Winnebago Industries during the third quarter valued at $7,750,000. Quantbot Technologies LP grew its stake in shares of Winnebago Industries by 94.5% during the third quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock valued at $3,736,000 after buying an additional 31,242 shares during the last quarter. Vestcor Inc grew its position in Winnebago Industries by 105.6% in the 3rd quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 8,837 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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. Finally, Inspire Investing LLC bought a new position in shares of Winnebago Industries in the fourth quarter worth about $399,000.

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.