Winnebago Industries (NYSE:WGO) Stock Gets Downgrade from Wall Street Zen

Winnebago Industries (NYSE:WGO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

WGO has been the topic of several other research reports. Zacks Research downgraded shares of Winnebago Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 2nd. Citigroup raised their target price on shares of Winnebago Industries from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. BMO Capital Markets dropped their price target on shares of Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, October 22nd. Weiss Ratings cut shares of Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 14th. Finally, Seaport Research Partners began coverage on shares of Winnebago Industries in a report on Monday, July 27th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Winnebago Industries presently has a consensus rating of “Hold” and an average target price of $35.00.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock opened at $31.32 on Friday. The stock has a market cap of $892.02 million, a price-to-earnings ratio of 25.89 and a beta of 1.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.04 and a current ratio of 2.17. The stock has a 50 day moving average price of $27.60 and a 200-day moving average price of $32.46. Winnebago Industries has a one year low of $21.95 and a one year high of $50.16.

Winnebago Industries (NYSE:WGO) last released its earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share for the quarter. Winnebago Industries had a return on equity of 4.16% and a net margin of 1.28%. Equities analysts expect that Winnebago Industries will post 1.93 EPS for the current year.

Insider Transactions at Winnebago Industries

In other news, SVP Stacy Bogart sold 14,146 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $33.73, for a total transaction of $477,144.58. Following the completion of the sale, the senior vice president directly owned 69,821 shares of the company’s stock, valued at approximately $2,355,062.33. The trade was a 16.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Happe sold 12,045 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.68, for a total transaction of $393,630.60. Following the sale, the chief executive officer directly owned 349,349 shares of the company’s stock, valued at $11,416,725.32. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 29,840 shares of company stock worth $988,803. 5.42% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC purchased a new position in shares of Winnebago Industries during the second quarter valued at $53,406,000. Dimensional Fund Advisors LP raised its holdings in shares of Winnebago Industries by 8.9% in 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 acquiring an additional 129,228 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in Winnebago Industries by 33.3% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock worth $48,710,000 after acquiring an additional 389,400 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Winnebago Industries by 72.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock worth $20,597,000 after acquiring an additional 280,017 shares during the period. Finally, William Blair Investment Management LLC purchased a new stake in Winnebago Industries in the second quarter worth about $9,545,000.

Key Winnebago Industries News

Here are the key news stories impacting Winnebago Industries this week:

• Negative Sentiment: Zacks Research cut several estimates, including FY2027 EPS from $2.45 to $1.95 and FY2028 EPS from $5.32 to $2.17; it also lowered forecasts for multiple quarters and rates WGO “Strong Sell.” The lower projections point to weaker expected earnings. Zacks Research Brokers Lower Earnings Estimates for WGO
• Negative Sentiment: Wall Street Zen also downgraded WGO from “Hold” to “Sell,” adding to the cautious analyst outlook. Winnebago Industries Rating Lowered to Sell at Wall Street Zen
• Negative Sentiment: Senior Vice President Stacy Bogart sold 14,146 shares for about $477,145, reducing her holdings by 16.85%. Insider sales can add to investor concerns, although the transaction alone does not establish the reason for the sale. Winnebago Industries SVP Sells Stock

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 outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.

Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.

Founded in 1958, the company is headquartered in Forest City, Iowa.