Winnebago Industries (NYSE:WGO) Reaches New 1-Year Low – Time to Sell?

Winnebago Industries, Inc. (NYSE:WGO)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $27.72 and last traded at $28.1050, with a volume of 87030 shares trading hands. The stock had previously closed at $29.04.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WGO. Wall Street Zen upgraded Winnebago Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup decreased their price target on Winnebago Industries from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Truist Financial decreased their price target on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Robert W. Baird decreased their price target on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, Weiss Ratings lowered Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $42.30.

Winnebago Industries Price Performance

The stock has a market capitalization of $800.13 million, a price-to-earnings ratio of 19.31 and a beta of 1.17. The company has a current ratio of 2.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. The stock has a 50-day simple moving average of $32.32 and a 200 day simple moving average of $38.22.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The firm had revenue of $657.40 million during the quarter, compared to analyst estimates of $628.00 million. During the same period last year, the company posted $0.19 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Winnebago Industries, Inc. will post 2.33 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.40 dividend on an annualized basis and a yield of 4.9%. Winnebago Industries’s dividend payout ratio (DPR) is presently 95.24%.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors have recently bought and sold shares of WGO. California State Teachers Retirement System raised its stake in shares of Winnebago Industries by 39.3% during the 1st quarter. California State Teachers Retirement System now owns 37,104 shares of the RV manufacturer’s stock worth $1,150,000 after purchasing an additional 10,476 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Winnebago Industries by 31.7% during the 1st quarter. Empowered Funds LLC now owns 137,546 shares of the RV manufacturer’s stock worth $4,263,000 after purchasing an additional 33,085 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Winnebago Industries by 41.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 11,562 shares of the RV manufacturer’s stock worth $358,000 after purchasing an additional 3,404 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Winnebago Industries by 72.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock worth $20,597,000 after purchasing an additional 280,017 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Winnebago Industries by 31.6% during the 1st quarter. Sei Investments Co. now owns 168,204 shares of the RV manufacturer’s stock worth $5,213,000 after purchasing an additional 40,429 shares in the last quarter.

About Winnebago Industries

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.