Winnebago Industries (NYSE:WGO) Hits New 52-Week Low – Here’s Why

Winnebago Industries, Inc. (NYSE:WGO)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $41.25 and last traded at $42.40, with a volume of 681518 shares traded. The stock had previously closed at $41.53.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Benchmark reissued a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a research note on Monday, December 23rd. KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target on the stock in a research report on Wednesday, January 8th. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, November 11th. DA Davidson lowered their price objective on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Finally, Truist Financial increased their target price on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Winnebago Industries Stock Down 4.4 %

The company has a 50 day moving average price of $46.71 and a two-hundred day moving average price of $53.96. 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 $1.15 billion, a PE ratio of -61.10 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same period last year, the firm posted $1.06 EPS. Analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.37%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Insider Buying and Selling at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now directly owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WGO. Sanctuary Advisors LLC grew its stake in shares of Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after purchasing an additional 245 shares during the period. Cascade Investment Advisors Inc. grew its position in Winnebago Industries by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock valued at $1,094,000 after buying an additional 380 shares during the period. Smartleaf Asset Management LLC grew its position in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after buying an additional 390 shares during the period. Swiss National Bank increased its holdings in Winnebago Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after buying an additional 400 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Winnebago Industries by 9.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after acquiring an additional 506 shares during the period.

About Winnebago Industries

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.