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

Key Points

• Wall Street Zen downgraded Winnebago Industries from “hold” to “sell.” Overall analyst sentiment remains “hold,” with three Buy, seven Hold, and two Sell ratings and an average price target of $35.
• Winnebago shares opened at $31.32 and were reported down 5.6%; the company most recently posted quarterly EPS of $0.49, while analysts forecast $1.94 EPS for the current year.
• Company insiders sold a combined 29,840 shares worth about $988,803 over the last quarter, including sales by SVP Stacy L. Bogart and CEO Michael J. Happe.

Winnebago Industries (NYSE:WGO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.

WGO has been the subject of a number of other reports. Seaport Research Partners assumed coverage on Winnebago Industries in a research note on Monday, July 27th. They issued a "neutral" rating for the company. Weiss Ratings lowered Winnebago Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 14th. Citigroup upped their price target on shares of Winnebago Industries from $24.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, October 22nd. Raymond James Financial reiterated a "market perform" rating on shares of Winnebago Industries in a research note on Wednesday, October 21st. Finally, Zacks Research lowered Winnebago Industries from a "hold" rating to a "strong sell" rating in a research note on Monday, November 2nd. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Winnebago Industries presently has an average rating of "Hold" and an average target price of $35.00.

Winnebago Industries Trading Down 5.6%

Shares of WGO stock opened at $31.32 on Friday. The firm has a 50 day moving average price of $27.60 and a two-hundred day moving average price of $32.46. Winnebago Industries has a 12-month low of $21.95 and a 12-month high of $50.16. The company has a quick ratio of 1.04, a current ratio of 2.17 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $890.77 million, a PE ratio of 25.89 and a beta of 1.21.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share (EPS) for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. As a group, analysts predict that Winnebago Industries will post 1.94 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Stacy L. Bogart sold 14,146 shares of the firm's stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $33.73, for a total transaction of $477,144.58. Following the transaction, the senior vice president directly owned 69,821 shares of the company's stock, valued at approximately $2,355,062.33. This trade represents a 16.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael J. Happe sold 12,045 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the transaction, the chief executive officer owned 349,349 shares of the company's stock, valued at approximately $11,416,725.32. The trade was a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 29,840 shares of company stock worth $988,803. Company insiders own 4.88% of the company's stock.

Institutional Trading of Winnebago Industries

Several institutional investors and hedge funds have recently made changes to their positions in WGO. Pzena Investment Management LLC purchased a new stake in shares of Winnebago Industries in the 2nd quarter valued at about $53,406,000. Maple Rock Capital Partners Inc. raised its stake in Winnebago Industries by 33.3% during 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. William Blair Investment Management LLC bought a new stake in shares of Winnebago Industries in the 2nd quarter worth approximately $9,545,000. Arrowstreet Capital Limited Partnership increased its holdings 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 buying an additional 280,017 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Winnebago Industries during the 2nd quarter worth about $5,881,000.

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.

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