Winnebago Industries (NYSE:WGO) Hits New 1-Year Low After Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO)’s share price hit a new 52-week low on Wednesday after Benchmark lowered their price target on the stock from $48.00 to $40.00. Benchmark currently has a buy rating on the stock. Winnebago Industries traded as low as $27.05 and last traded at $27.15, with a volume of 1573392 shares traded. The stock had previously closed at $28.28.

WGO has been the topic of a number of other research reports. Weiss Ratings lowered Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. DA Davidson reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Winnebago Industries in a report on Monday, June 15th. Griffin Securities set a $35.00 target price on shares of Winnebago Industries in a report on Monday, June 15th. Robert W. Baird cut their price target on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Finally, Northcoast Research downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Winnebago Industries has an average rating of “Hold” and a consensus target price of $37.90.

Institutional Investors Weigh In On Winnebago Industries

Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in Winnebago Industries by 10.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,488 shares of the RV manufacturer’s stock valued at $101,000 after buying an additional 233 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Winnebago Industries by 4.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 5,916 shares of the RV manufacturer’s stock valued at $240,000 after acquiring an additional 244 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Winnebago Industries by 90.5% during 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Winnebago Industries by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock valued at $568,000 after acquiring an additional 401 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Winnebago Industries by 2.6% during the fourth quarter. State of Alaska Department of Revenue now owns 15,900 shares of the RV manufacturer’s stock worth $643,000 after purchasing an additional 402 shares in the last quarter.

Winnebago Industries Stock Performance

The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average is $30.26 and its two-hundred day moving average is $36.99. The company has a market capitalization of $760.92 million, a P/E ratio of 18.46 and a beta of 1.12.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $657.40 million for the quarter, compared to analysts’ expectations of $628.00 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Equities analysts anticipate that Winnebago Industries, Inc. will post 2.34 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.2%. The ex-dividend date is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio (DPR) is presently 95.24%.

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.