Winnebago Industries (NYSE:WGO) Sets New 52-Week Low - What's Next?

Key Points

• Winnebago shares fell to a new 52-week low of $22.46, well below their 50-day and 200-day moving averages of $28.21 and $29.73, respectively.
• Analyst sentiment is mixed but leans toward caution: the stock has a consensus “Hold” rating and an average price target of $35.67, while several firms recently cut their targets and Weiss Ratings downgraded the shares to “sell.”
• Winnebago raised its quarterly dividend to $0.36 per share, producing an annualized yield of about 6.4%; however, its payout ratio is elevated at 105.88%, and company insiders have recently sold shares under pre-arranged trading plans.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $22.46 and last traded at $22.6550, with a volume of 835,997 shares traded. The stock had previously closed at $24.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WGO shares. Weiss Ratings lowered Winnebago Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 14th. Benchmark dropped their target price on Winnebago Industries from $48.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, June 23rd. Truist Financial reduced their price target on Winnebago Industries from $43.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, July 8th. BMO Capital Markets decreased their price target on Winnebago Industries from $48.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, June 26th. Finally, Citigroup decreased their price target on Winnebago Industries from $29.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, October 13th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Winnebago Industries has an average rating of "Hold" and a consensus target price of $35.67.

Winnebago Industries Price Performance

The stock has a market cap of $640.46 million, a PE ratio of 16.66 and a beta of 1.18. The company has a current ratio of 2.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The company's 50 day moving average is $28.21 and its 200-day moving average is $29.73.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, September 9th. This represents a $1.44 annualized dividend and a yield of 6.4%. This is a boost from Winnebago Industries's previous quarterly dividend of $0.35. Winnebago Industries's dividend payout ratio (DPR) is presently 105.88%.

Insider Buying and Selling

In other news, CEO Michael Happe sold 12,045 shares of the stock in a transaction that occurred on 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 directly owned 349,349 shares in the company, valued at approximately $11,416,725.32. This represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret Woodson sold 2,414 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.66, for a total transaction of $78,841.24. Following the sale, the senior vice president directly owned 31,274 shares of the company's stock, valued at $1,021,408.84. The trade was a 7.17% decrease in their position. 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 worth $511,658. 4.88% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

Institutional investors have recently added to or reduced their stakes in the stock. NFSG Corp grew its holdings in Winnebago Industries by 82.9% during the 3rd quarter. NFSG Corp now owns 3,200 shares of the RV manufacturer's stock worth $84,000 after acquiring an additional 1,450 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Winnebago Industries by 145.2% in the 3rd quarter. GAMMA Investing LLC now owns 954 shares of the RV manufacturer's stock worth $25,000 after purchasing an additional 565 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Winnebago Industries by 639.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,513 shares of the RV manufacturer's stock worth $251,000 after purchasing an additional 8,226 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Winnebago Industries by 365.6% in the 3rd quarter. Versant Capital Management Inc now owns 1,313 shares of the RV manufacturer's stock worth $35,000 after purchasing an additional 1,031 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Winnebago Industries in the 2nd quarter worth about $558,000.

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 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.

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