Winnebago Industries (NYSE:WGO) Rating Lowered to Sell at StockNews.com

Winnebago Industries (NYSE:WGO - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Thursday.

A number of other brokerages have also recently issued reports on WGO. Citigroup dropped their target price on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Truist Financial dropped their target price on Winnebago Industries from $50.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 14th. Robert W. Baird cut Winnebago Industries from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $50.00 to $38.00 in a report on Friday, April 4th. DA Davidson raised Winnebago Industries to a "hold" rating in a report on Monday, April 14th. Finally, Baird R W cut Winnebago Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $51.89.

Winnebago Industries Stock Performance

Shares of WGO stock traded up $0.60 during mid-day trading on Thursday, reaching $32.66. The stock had a trading volume of 590,225 shares, compared to its average volume of 698,242. The firm's 50 day simple moving average is $34.65 and its 200 day simple moving average is $46.39. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. Winnebago Industries has a one year low of $28.29 and a one year high of $66.05. The firm has a market cap of $915.18 million, a PE ratio of -49.48 and a beta of 1.49.

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, hitting analysts' consensus estimates of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $620.20 million during the quarter, compared to analysts' expectations of $621.41 million. During the same period in the prior year, the firm posted $0.93 EPS. Winnebago Industries's quarterly revenue was down 11.9% compared to the same quarter last year. On average, analysts forecast that Winnebago Industries will post 3.41 EPS for the current year.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant purchased 4,200 shares of the business's stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $34.12 per share, with a total value of $143,304.00. Following the acquisition, the director now directly owns 13,755 shares of the company's stock, valued at $469,320.60. This trade represents a 43.96 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jacqueline D. Woods sold 1,503 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now directly owns 10,985 shares of the company's stock, valued at $486,855.20. This represents a 12.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.63% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock worth $25,000 after purchasing an additional 390 shares during the period. Farther Finance Advisors LLC lifted its stake in Winnebago Industries by 36,000.0% in the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after purchasing an additional 720 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Winnebago Industries by 629.2% during the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after acquiring an additional 711 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Winnebago Industries by 304.9% during the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after acquiring an additional 622 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Winnebago Industries by 823.5% during the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock valued at $43,000 after acquiring an additional 807 shares during the last quarter.

About Winnebago Industries

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.