KeyCorp Issues Pessimistic Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO - Free Report) had its target price cut by KeyCorp from $47.00 to $40.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the construction company's stock.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Truist Financial dropped their price target on Winnebago Industries from $50.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Benchmark lowered their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Citigroup decreased their price target on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Finally, Robert W. Baird downgraded shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $50.00 to $38.00 in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $51.89.

Winnebago Industries Stock Up 1.0 %

Shares of NYSE WGO traded up $0.30 during midday trading on Thursday, hitting $31.34. The company's stock had a trading volume of 206,496 shares, compared to its average volume of 693,991. Winnebago Industries has a 1 year low of $28.29 and a 1 year high of $66.05. The business's fifty day simple moving average is $36.05 and its two-hundred day simple moving average is $47.35. The firm has a market capitalization of $878.19 million, a price-to-earnings ratio of -47.37 and a beta of 1.49. 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 - Get Free Report) last issued its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $620.20 million during the quarter, compared to analysts' expectations of $621.41 million. During the same quarter in the prior year, the business posted $0.93 EPS. The company's revenue for the quarter was down 11.9% on a year-over-year basis. On average, equities analysts predict that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries's dividend payout ratio is currently -544.00%.

Insiders Place Their Bets

In other Winnebago Industries news, Director Kevin E. Bryant purchased 4,200 shares of Winnebago Industries stock in a transaction on Monday, March 31st. The shares were bought at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the acquisition, the director now directly owns 13,755 shares of the company's stock, valued at approximately $469,320.60. This trade represents a 43.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction that occurred on 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 owns 10,985 shares in the company, valued at $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Winnebago Industries by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock valued at $104,250,000 after buying an additional 48,517 shares during the period. 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. JPMorgan Chase & Co. boosted its holdings in shares of Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock worth $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock valued at $29,889,000 after purchasing an additional 50,634 shares during the period. Finally, Millennium Management LLC increased its stake in Winnebago Industries by 20.0% in the fourth quarter. Millennium Management LLC now owns 571,334 shares of the construction company's stock valued at $27,298,000 after purchasing an additional 95,113 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.