Winnebago Industries (NYSE:WGO) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a report published on Sunday morning,Wall Street Zen reports.

Other analysts have also issued reports about the company. Benchmark decreased their price objective on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Griffin Securities set a $35.00 target price on Winnebago Industries in a research note on Monday, June 15th. Citigroup lifted their target price on Winnebago Industries from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Zacks Research cut Winnebago Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, June 26th. Finally, Northcoast Research cut Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Winnebago Industries presently has an average rating of “Hold” and a consensus target price of $36.33.

Winnebago Industries Stock Down 2.4%

WGO opened at $29.36 on Friday. Winnebago Industries has a 12 month low of $26.80 and a 12 month high of $50.16. The company has a market cap of $830.01 million, a PE ratio of 21.59 and a beta of 1.12. The company has a current ratio of 2.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $30.99 and a 200 day moving average of $32.46.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). The business had revenue of $698.70 million for the quarter, compared to the consensus estimate of $755.67 million. Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. The company’s revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. On average, sell-side analysts expect that Winnebago Industries will post 1.81 EPS for the current year.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, September 9th. Winnebago Industries’s dividend payout ratio (DPR) is 102.94%.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, CEO Michael J. Happe sold 12,045 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the sale, the chief executive officer owned 349,349 shares of the company’s stock, valued at $11,416,725.32. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 1,235 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total value of $39,186.55. Following the completion of the sale, the senior vice president directly owned 31,373 shares in the company, valued at approximately $995,465.29. The trade was a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,694 shares of company stock valued at $511,658 in the last three months. 4.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WGO. California State Teachers Retirement System increased its position in shares of Winnebago Industries by 2,413.7% in the second quarter. California State Teachers Retirement System now owns 932,670 shares of the RV manufacturer’s stock worth $29,855,000 after purchasing an additional 895,566 shares during the last quarter. AXQ Capital LP bought a new stake in Winnebago Industries during the second quarter valued at approximately $420,000. Maple Rock Capital Partners Inc. lifted its position in Winnebago Industries by 33.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock valued at $48,710,000 after purchasing an additional 389,400 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Winnebago Industries in the 2nd quarter worth approximately $363,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Winnebago Industries by 196.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,366 shares of the RV manufacturer’s stock worth $74,000 after buying an additional 1,567 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.