Winnebago Industries (NYSE:WGO) Sets New 52-Week Low – What’s Next?

Winnebago Industries, Inc. (NYSE:WGO)’s share price hit a new 52-week low on Tuesday. The stock traded as low as $22.46 and last traded at $22.6550, with a volume of 835,997 shares trading hands. The stock had previously closed at $24.00.

Analysts Set New Price Targets

WGO has been the topic of several research reports. Seaport Research Partners initiated coverage on Winnebago Industries in a research note on Monday, July 27th. They set a “neutral” rating on the stock. Roth Capital reduced their target price on Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Zacks Research upgraded Winnebago Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Weiss Ratings downgraded Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Finally, BMO Capital Markets dropped their price target on Winnebago Industries from $48.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.67.

Winnebago Industries Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 2.37. The stock has a 50 day moving average of $28.21 and a 200 day moving average of $29.73. The stock has a market capitalization of $640.46 million, a P/E ratio of 16.66 and a beta of 1.18.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 6.4%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, September 9th. Winnebago Industries’s dividend payout ratio is presently 105.88%.

Insider Activity

In other news, SVP Bret Woodson sold 2,414 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $32.66, for a total transaction of $78,841.24. Following the completion of the transaction, the senior vice president owned 31,274 shares in the company, valued at approximately $1,021,408.84. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Happe sold 12,045 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the sale, the chief executive officer directly owned 349,349 shares in the company, valued at approximately $11,416,725.32. This trade represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. 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 90 days. Insiders own 4.88% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WGO. Pzena Investment Management LLC bought a new position in Winnebago Industries in the 2nd quarter worth about $53,406,000. Dimensional Fund Advisors LP raised its holdings in shares of Winnebago Industries by 8.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock valued at $48,968,000 after buying an additional 129,228 shares during the last quarter. Maple Rock Capital Partners Inc. raised its holdings in shares of 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 buying an additional 389,400 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Winnebago Industries by 72.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after buying an additional 280,017 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in shares of Winnebago Industries by 300.6% during the first quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock worth $17,771,000 after buying an additional 430,300 shares during the period.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.

Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.

Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.