Winnebago Industries (NYSE:WGO) Trading Down 3.2% – Here’s Why

Winnebago Industries, Inc. (NYSE:WGO)’s share price traded down 3.2% on Monday . The company traded as low as $35.27 and last traded at $34.91. 54,820 shares traded hands during trading, a decline of 91% from the average session volume of 625,041 shares. The stock had previously closed at $36.05.

Wall Street Analyst Weigh In

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

Winnebago Industries Stock Performance

The firm has a fifty day moving average of $43.47 and a 200-day moving average of $51.81. The stock has a market capitalization of $983.25 million, a price-to-earnings ratio of -52.46 and a beta of 1.70. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

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

Insiders Place Their Bets

In other Winnebago Industries 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 transaction of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased 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 worth $25,000 after buying an additional 390 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Winnebago Industries in the fourth quarter valued at $43,000. Sterling Capital Management LLC grew its position in shares of Winnebago Industries by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after purchasing an additional 807 shares during the period. Quarry LP grew its position in shares of Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after purchasing an additional 848 shares during the period. Finally, KBC Group NV grew its position in shares of Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after purchasing an additional 587 shares during the period.

Winnebago Industries Company Profile

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.