Winnebago Industries (NYSE:WGO) Shares Gap Down - Should You Sell?

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $31.33, but opened at $30.44. Winnebago Industries shares last traded at $30.60, with a volume of 173,315 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WGO shares. Benchmark cut their price target on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Robert W. Baird cut shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $50.00 to $38.00 in a research note on Friday, April 4th. BMO Capital Markets cut 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. KeyCorp decreased their price objective on Winnebago Industries from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. Finally, Citigroup increased their target price on Winnebago Industries from $36.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.88.

Winnebago Industries Stock Down 6.4%

The firm has a 50 day moving average price of $33.19 and a two-hundred day moving average price of $39.49. The company has a quick ratio of 0.94, a current ratio of 2.17 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $821.46 million, a price-to-earnings ratio of -117.78 and a beta of 1.07.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. Winnebago Industries had a negative net margin of 0.21% and a positive return on equity of 3.73%. The business had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The business's revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.36 annualized dividend and a dividend yield of 4.64%. Winnebago Industries's payout ratio is -544.00%.

Insider Transactions at Winnebago Industries

In other news, Director Kevin E. Bryant purchased 4,200 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost of $34.12 per share, with a total value of $143,304.00. Following the transaction, the director now owns 13,755 shares in the company, valued at approximately $469,320.60. The trade was a 43.96% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.63% of the company's stock.

Institutional Trading of Winnebago Industries

Several institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its holdings in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after buying an additional 390 shares during the period. Farther Finance Advisors LLC lifted its holdings in Winnebago Industries by 36,000.0% in the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock worth $25,000 after acquiring an additional 720 shares during the last quarter. Versant Capital Management Inc grew its holdings 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 purchasing an additional 622 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after purchasing an additional 711 shares during the last quarter. Finally, Signaturefd LLC acquired a new position in Winnebago Industries during the 1st quarter valued at approximately $31,000.

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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