Winnebago Industries (NYSE:WGO) Sets New 1-Year Low – Time to Sell?

Winnebago Industries, Inc. (NYSE:WGO)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $25.69 and last traded at $25.28, with a volume of 13212 shares traded. The stock had previously closed at $26.37.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson reissued a “neutral” rating and issued a $35.00 price target on shares of Winnebago Industries in a research note on Monday, June 15th. Citigroup cut their price objective on Winnebago Industries from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 16th. Zacks Research upgraded Winnebago Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Benchmark decreased their target price on shares of Winnebago Industries from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Finally, BMO Capital Markets lowered their price target on shares of Winnebago Industries from $48.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.22.

Winnebago Industries Stock Down 0.3%

The firm’s 50 day moving average price is $29.61 and its two-hundred day moving average price is $30.30. The company has a market cap of $704.46 million, a P/E ratio of 18.32 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 2.37.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were issued a $0.36 dividend. The ex-dividend date was Wednesday, September 9th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 5.8%. Winnebago Industries’s dividend payout ratio is 105.88%.

Insider Buying and Selling at Winnebago Industries

In other news, CEO Michael J. Happe sold 12,045 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $32.68, for a total transaction of $393,630.60. Following the transaction, the chief executive officer owned 349,349 shares of the company’s stock, valued at $11,416,725.32. This represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 owned 31,373 shares of the company’s stock, valued at approximately $995,465.29. This represents a 3.79% 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 15,694 shares of company stock valued at $511,658. Insiders own 4.88% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pzena Investment Management LLC acquired a new position in shares of Winnebago Industries during the second quarter worth approximately $53,406,000. Deprince Race & Zollo Inc. lifted its holdings in shares of Winnebago Industries by 300.6% in the 1st quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock worth $17,771,000 after purchasing an additional 430,300 shares in the last quarter. Maple Rock Capital Partners Inc. grew its position in Winnebago Industries by 33.3% in the 2nd 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 period. William Blair Investment Management LLC acquired a new stake in Winnebago Industries in the 2nd quarter valued at $9,545,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Winnebago Industries by 72.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after purchasing an additional 280,017 shares in the last quarter.

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.