Winnebago Industries (NYSE:WGO) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Winnebago shares rose 7.9% and moved above their 200-day moving average of $32.61, reaching $34.36 intraday and last trading at about $34.06.
• Analyst sentiment is mixed but averages to Hold: three analysts rate the stock Buy, seven Hold and two Sell, with an average price target of $35.
• The company reported quarterly EPS of $0.49 and raised its quarterly dividend to $0.36, equivalent to a 4.2% yield; its dividend payout ratio is 119%.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $32.61 and traded as high as $34.36. Winnebago Industries shares last traded at $34.0560, with a volume of 1,016,497 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Winnebago Industries from a "hold (c-)" rating to a "sell (d+)" rating in a 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. Zacks Research downgraded shares of Winnebago Industries from a "hold" rating to a "strong sell" rating in a report on Monday. Raymond James Financial reissued a "market perform" rating on shares of Winnebago Industries in a research note on Wednesday, October 21st. Finally, Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a report on Saturday, September 12th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $35.00.

Winnebago Industries Trading Up 7.9%

The firm has a market capitalization of $968.55 million, a price-to-earnings ratio of 28.15 and a beta of 1.21. The business's fifty day moving average is $27.53 and its 200 day moving average is $32.61. The company has a quick ratio of 1.04, a current ratio of 2.17 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings results 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%. Equities analysts predict that Winnebago Industries, Inc. will post 1.94 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from Winnebago Industries's previous quarterly dividend of $0.35. Winnebago Industries's dividend payout ratio (DPR) is 119.01%.

Insider Buying and Selling

In related news, CEO Michael J. Happe sold 12,045 shares of the firm's stock in a transaction 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 sale, the chief executive officer owned 349,349 shares of the company's stock, valued at $11,416,725.32. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 1,235 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total value of $39,186.55. Following the completion of the transaction, the senior vice president owned 31,373 shares of the company's stock, valued at $995,465.29. This represents a 3.79% 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 90 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

A number of large investors have recently bought and sold shares of WGO. Pzena Investment Management LLC bought a new stake in Winnebago Industries during the 2nd quarter worth approximately $53,406,000. Dimensional Fund Advisors LP increased its stake in shares of Winnebago Industries by 8.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer's stock valued at $48,968,000 after buying an additional 129,228 shares during the period. Maple Rock Capital Partners Inc. lifted its holdings in shares of 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 valued at $48,710,000 after purchasing an additional 389,400 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Winnebago Industries by 72.8% in the 1st 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, William Blair Investment Management LLC bought a new stake in shares of Winnebago Industries during the 2nd quarter valued at about $9,545,000.

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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