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 research note issued to investors on Tuesday.

WGO has been the subject of several other research reports. Citigroup boosted their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Truist Financial cut their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Benchmark lowered their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Robert W. Baird cut their target price 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. Finally, BMO Capital Markets lowered their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Winnebago Industries currently has an average rating of “Moderate Buy” and an average target price of $67.14.

Winnebago Industries Trading Down 2.3 %

Shares of WGO opened at $56.04 on Tuesday. The stock has a fifty day moving average price of $57.68 and a two-hundred day moving average price of $58.35. 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 company has a market cap of $1.62 billion, a price-to-earnings ratio of 186.80 and a beta of 1.61. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) 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 quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.59 EPS. Analysts predict that Winnebago Industries will post 3.72 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid a dividend of $0.34 per share. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, September 11th. This represents a $1.36 annualized dividend and a yield of 2.43%. Winnebago Industries’s dividend payout ratio (DPR) is presently 453.33%.

Insider Buying and Selling at Winnebago Industries

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its holdings in shares of Winnebago Industries by 196.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock worth $86,000 after acquiring an additional 989 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Winnebago Industries by 5,711.3% in the third quarter. International Assets Investment Management LLC now owns 8,717 shares of the construction company’s stock valued at $507,000 after purchasing an additional 8,567 shares in the last quarter. Vest Financial LLC lifted its holdings in shares of Winnebago Industries by 24.6% in the third quarter. Vest Financial LLC now owns 25,381 shares of the construction company’s stock valued at $1,475,000 after purchasing an additional 5,004 shares in the last quarter. Creative Planning boosted its position in shares of Winnebago Industries by 21.7% during the third quarter. Creative Planning now owns 9,880 shares of the construction company’s stock worth $574,000 after buying an additional 1,760 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in shares of Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 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.