Winnebago Industries (NYSE:WGO) Reaches New 12-Month Low - Should You Sell?

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $28.19 and last traded at $28.30, with a volume of 1884623 shares trading hands. The stock had previously closed at $31.33.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup increased their target price on Winnebago Industries from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, June 20th. DA Davidson raised shares of Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. KeyCorp reduced their target price on shares of Winnebago Industries from $40.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. Finally, Robert W. Baird downgraded 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 research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.88.

Winnebago Industries Price Performance

The firm has a market cap of $792.97 million, a price-to-earnings ratio of -113.20 and a beta of 1.07. The company's fifty day moving average is $33.16 and its 200 day moving average is $39.41. The company has a quick ratio of 0.94, a current ratio of 2.17 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. The firm had revenue of $775.10 million for the quarter, compared to analysts' expectations of $808.15 million. Winnebago Industries had a negative net margin of 0.21% and a positive return on equity of 3.73%. The company's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. On average, equities research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a $0.34 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.81%. Winnebago Industries's dividend payout ratio is -544.00%.

Insiders Place Their Bets

In other news, Director Kevin E. Bryant bought 4,200 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now owns 13,755 shares in the company, valued at approximately $469,320.60. This represents a 43.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.63% of the company's stock.

Institutional Trading of Winnebago Industries

A number of large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in shares of Winnebago Industries by 40.6% in the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock valued at $78,540,000 after purchasing an additional 474,273 shares during the period. BNP Paribas Financial Markets raised its stake in Winnebago Industries by 1,930.2% in the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company's stock valued at $15,369,000 after buying an additional 305,818 shares during the period. Barclays PLC raised its stake in Winnebago Industries by 494.5% in the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company's stock valued at $14,081,000 after buying an additional 245,131 shares during the period. Zweig DiMenna Associates LLC acquired a new stake in shares of Winnebago Industries in the first quarter valued at approximately $6,260,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Winnebago Industries by 204.8% during the 4th quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company's stock worth $10,225,000 after acquiring an additional 143,800 shares during the period.

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.

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