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

StockNews.com cut shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a research report report published on Thursday.

A number of other equities research analysts have also commented on WGO. Citigroup lowered their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Robert W. Baird lowered Winnebago Industries from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $38.00 in a research report on Friday, April 4th. BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. KeyCorp decreased their target price on shares of Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, DA Davidson raised Winnebago Industries to a “hold” rating in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Winnebago Industries currently has an average rating of “Hold” and a consensus target price of $51.89.

Winnebago Industries Price Performance

WGO stock opened at $32.72 on Thursday. The firm has a 50 day simple moving average of $35.06 and a two-hundred day simple moving average of $46.74. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The stock has a market cap of $916.98 million, a PE ratio of -49.58 and a beta of 1.49. Winnebago Industries has a one year low of $28.29 and a one year high of $66.05.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company’s revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS. On average, analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 annualized dividend and a dividend yield of 4.16%. Winnebago Industries’s dividend payout ratio (DPR) is presently -544.00%.

Insider Activity

In other news, Director Jacqueline D. Woods sold 1,503 shares of the 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin E. Bryant acquired 4,200 shares of Winnebago Industries stock in a transaction dated 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 completion of the purchase, the director now directly owns 13,755 shares in the company, valued at $469,320.60. This represents a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP grew its holdings in Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after buying an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Winnebago Industries by 1,930.2% in the 4th quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock valued at $15,369,000 after acquiring an additional 305,818 shares during the last quarter. Barclays PLC lifted its stake in Winnebago Industries by 494.5% in the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock worth $14,081,000 after purchasing an additional 245,131 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Winnebago Industries by 204.8% during the fourth quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company’s stock valued at $10,225,000 after purchasing an additional 143,800 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.