Winnebago Industries (NYSE:WGO) Trading Down 4.1% - Here's Why

Key Points

• Winnebago Industries' stock price fell by 4.1% to $33.36, with trading volume drastically reduced to 21,433 shares, compared to the average of 716,374 shares.
• Analysts have lowered their price targets for Winnebago, with Robert W. Baird reducing theirs from $38.00 to $35.00 while maintaining a "neutral" rating, and Truist Financial lowering it from $40.00 to $36.00 with a "buy" rating.
• The company recently increased its quarterly dividend to $0.35, reflecting a 4.3% yield, despite facing a dividend payout ratio of -237.29%.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report)'s share price traded down 4.1% during mid-day trading on Monday . The stock traded as low as $33.43 and last traded at $33.36. 21,433 shares traded hands during trading, a decline of 97% from the average session volume of 716,374 shares. The stock had previously closed at $34.80.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Truist Financial cut their price objective on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Winnebago Industries in a report on Saturday, September 27th. DA Davidson lifted their price target on Winnebago Industries from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Tuesday, September 30th. Finally, KeyCorp reduced their price target on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.78.

Winnebago Industries Stock Performance

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 stock's 50 day moving average price is $33.70 and its 200 day moving average price is $32.99. The company has a market capitalization of $921.38 million, a P/E ratio of -55.71 and a beta of 1.14.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were given a $0.35 dividend. This is a boost from Winnebago Industries's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.40 annualized dividend and a dividend yield of 4.3%. Winnebago Industries's dividend payout ratio is -237.29%.

Institutional Investors Weigh In On Winnebago Industries

Several large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its holdings in shares of Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the RV manufacturer's stock worth $25,000 after buying an additional 720 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the RV manufacturer's stock valued at $28,000 after acquiring an additional 711 shares during the period. Signaturefd LLC bought a new position in Winnebago Industries during the first quarter worth $31,000. GAMMA Investing LLC grew its holdings in Winnebago Industries by 62.8% in the second quarter. GAMMA Investing LLC now owns 1,123 shares of the RV manufacturer's stock worth $33,000 after purchasing an additional 433 shares during the period. Finally, State of Wyoming bought a new stake in Winnebago Industries in the first quarter valued at $47,000.

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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