Winnebago Industries (NYSE:WGO) Shares Gap Down - Time to Sell?

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $34.92, but opened at $30.88. Winnebago Industries shares last traded at $32.14, with a volume of 390,388 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird cut shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $50.00 to $38.00 in a research report on Friday, April 4th. Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. KeyCorp decreased their price objective on shares of Winnebago Industries from $40.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday. Truist Financial boosted their price objective on shares of Winnebago Industries from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Citigroup boosted their price objective on shares of Winnebago Industries from $36.00 to $37.00 and gave the company a "buy" rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $51.11.

Winnebago Industries Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The firm's 50 day moving average is $33.10 and its 200 day moving average is $41.77. The firm has a market cap of $921.99 million, a P/E ratio of -49.85 and a beta of 1.07.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. Winnebago Industries's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. As a group, analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $1.36 annualized dividend and a dividend yield of 4.13%. Winnebago Industries's dividend payout ratio is presently -544.00%.

Insider Activity

In related news, Director Kevin E. Bryant acquired 4,200 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the acquisition, the director now directly owns 13,755 shares of the company's stock, valued at approximately $469,320.60. This trade represents a 43.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Prescott Group Capital Management L.L.C. purchased a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $1,433,000. Proficio Capital Partners LLC purchased a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $632,000. Charles Schwab Investment Management Inc. increased its holdings in Winnebago Industries by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock valued at $29,889,000 after buying an additional 50,634 shares during the last quarter. Rhumbline Advisers increased its holdings in Winnebago Industries by 2.2% during the fourth quarter. Rhumbline Advisers now owns 96,821 shares of the construction company's stock valued at $4,626,000 after buying an additional 2,077 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Winnebago Industries during the fourth quarter valued at approximately $1,003,000.

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.