Winnebago Industries (NYSE:WGO) Sets New 12-Month Low – Time to Sell?

Shares of Winnebago Industries, Inc. (NYSE:WGO) reached a new 52-week low during trading on Wednesday . The stock traded as low as $43.31 and last traded at $43.69, with a volume of 30426 shares traded. The stock had previously closed at $44.51.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WGO shares. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, November 11th. KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Wednesday, January 8th. Benchmark restated a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a research note on Monday, December 23rd. Finally, Robert W. Baird cut their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries currently has an average rating of “Moderate Buy” and an average target price of $65.00.

Winnebago Industries Trading Down 1.5 %

The business’s 50-day simple moving average is $47.64 and its 200-day simple moving average is $54.37. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -63.03 and a beta of 1.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

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 company 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 company’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Research analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s payout ratio is currently -206.06%.

Insider Activity at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the sale, the director now directly owns 10,985 shares in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

Hedge funds have recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in shares of Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after purchasing an additional 474,273 shares during the period. BNP Paribas Financial Markets lifted its position in Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock worth $15,369,000 after buying an additional 305,818 shares during the period. Barclays PLC boosted its stake in Winnebago Industries by 494.5% in the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock worth $14,081,000 after buying an additional 245,131 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after buying an additional 173,274 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Winnebago Industries by 1,242.6% during the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock valued at $10,552,000 after acquiring an additional 168,055 shares during the last quarter.

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.