Winnebago Industries (NYSE:WGO) Stock Price Down 5.3% – Should You Sell?

Winnebago Industries, Inc. (NYSE:WGO)’s share price fell 5.3% during trading on Wednesday . The stock traded as low as $33.48 and last traded at $33.2360. 311,443 shares changed hands during trading, a decline of 46% from the average session volume of 579,117 shares. The stock had previously closed at $35.08.

Analyst Upgrades and Downgrades

WGO has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Winnebago Industries in a report on Monday, December 29th. Griffin Securities set a $40.00 target price on Winnebago Industries in a research report on Tuesday, December 23rd. BMO Capital Markets increased their price target on Winnebago Industries from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Roth Mkm lifted their price target on shares of Winnebago Industries from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, December 22nd. Finally, DA Davidson upped their price objective on shares of Winnebago Industries from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, December 23rd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.80.

Winnebago Industries Stock Down 7.1%

The firm has a 50 day moving average of $42.62 and a 200-day moving average of $38.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.69 and a quick ratio of 1.25. The stock has a market capitalization of $920.00 million, a P/E ratio of 25.72 and a beta of 1.14.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Winnebago Industries had a return on equity of 4.83% and a net margin of 1.27%.The firm had revenue of $657.40 million during the quarter, compared to analyst estimates of $628.00 million. During the same period in the prior year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 4.3%. Winnebago Industries’s dividend payout ratio (DPR) is presently 109.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WGO. Northwestern Mutual Wealth Management Co. increased its position in Winnebago Industries by 90.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after acquiring an additional 364 shares in the last quarter. Clearstead Advisors LLC bought a new stake in shares of Winnebago Industries during the fourth quarter worth approximately $35,000. Hantz Financial Services Inc. lifted its holdings in Winnebago Industries by 825.4% in the third quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock valued at $40,000 after buying an additional 1,073 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after acquiring an additional 309 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in shares of Winnebago Industries by 3,661.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,558 shares of the RV manufacturer’s stock valued at $104,000 after acquiring an additional 2,490 shares during the last quarter.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.