Winnebago Industries (NYSE:WGO) Hits New 12-Month Low Following Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) hit a new 52-week low during mid-day trading on Thursday after Roth Capital lowered their price target on the stock from $37.00 to $30.00. Roth Capital currently has a neutral rating on the stock. Winnebago Industries traded as low as $28.19 and last traded at $28.30, with a volume of 1884623 shares. The stock had previously closed at $31.33.

Several other analysts have also recently commented on the company. Truist Financial lowered their target price on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday. KeyCorp lowered their target price on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday. Baird R W cut Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. BMO Capital Markets lowered their price target on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Benchmark lowered their price target on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $44.33.

Insider Activity

In other news, Director Kevin E. Bryant purchased 4,200 shares of the stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the transaction, the director now owns 13,755 shares in the company, valued at $469,320.60. This trade represents a 43.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Winnebago Industries

Several large investors have recently modified their holdings of the stock. Inspire Investing LLC boosted its stake in shares of Winnebago Industries by 18.4% during the 1st quarter. Inspire Investing LLC now owns 9,892 shares of the construction company's stock worth $341,000 after acquiring an additional 1,539 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Winnebago Industries by 2.0% during the 1st quarter. Empowered Funds LLC now owns 133,153 shares of the construction company's stock worth $4,588,000 after acquiring an additional 2,636 shares in the last quarter. Petrus Trust Company LTA boosted its stake in shares of Winnebago Industries by 24.1% during the 1st quarter. Petrus Trust Company LTA now owns 9,852 shares of the construction company's stock worth $340,000 after acquiring an additional 1,912 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of Winnebago Industries during the 1st quarter worth $3,284,000. Finally, NFJ Investment Group LLC boosted its stake in shares of Winnebago Industries by 196.0% during the 1st quarter. NFJ Investment Group LLC now owns 164,188 shares of the construction company's stock worth $5,658,000 after acquiring an additional 108,715 shares in the last quarter.

Winnebago Industries Trading Up 2.2%

The firm has a market capitalization of $820.13 million, a P/E ratio of -49.59 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 2.41. The firm has a 50 day moving average price of $33.09 and a two-hundred day moving average price of $38.77.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The company's revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.13 EPS. On average, equities research analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were given a $0.34 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 annualized dividend and a dividend yield of 4.65%. Winnebago Industries's dividend payout ratio (DPR) is presently -230.51%.

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.