Winnebago Industries (NYSE:WGO) Shares Down 4.1% on Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report)'s share price was down 4.1% on Tuesday after KeyCorp lowered their price target on the stock from $47.00 to $40.00. KeyCorp currently has an overweight rating on the stock. Winnebago Industries traded as low as $29.91 and last traded at $29.72. Approximately 102,402 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 691,979 shares. The stock had previously closed at $30.98.

Other analysts also recently issued reports about the company. Baird R W downgraded Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial reduced their price objective on shares of Winnebago Industries from $50.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Robert W. Baird cut shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $50.00 to $38.00 in a research report on Friday, April 4th. BMO Capital Markets reduced their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, Benchmark lowered their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $51.89.

Insider Transactions at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin E. Bryant bought 4,200 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the acquisition, the director now directly owns 13,755 shares in the company, valued at $469,320.60. This trade represents a 43.96 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently bought and sold shares of WGO. Vanguard Group Inc. grew its position in Winnebago Industries by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock worth $104,250,000 after acquiring an additional 48,517 shares in the last quarter. First Trust Advisors LP increased its position in shares of Winnebago Industries by 40.6% during 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 last quarter. JPMorgan Chase & Co. raised its holdings in shares of Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after buying an additional 173,274 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Winnebago Industries by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock worth $29,889,000 after buying an additional 50,634 shares during the last quarter. Finally, Millennium Management LLC grew its position in Winnebago Industries by 20.0% during the fourth quarter. Millennium Management LLC now owns 571,334 shares of the construction company's stock valued at $27,298,000 after acquiring an additional 95,113 shares during the last quarter.

Winnebago Industries Price Performance

The stock has a market capitalization of $858.55 million, a PE ratio of -46.42 and a beta of 1.49. The firm's 50 day simple moving average is $36.31 and its 200 day simple moving average is $47.61. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

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

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 annualized dividend and a yield of 4.44%. Winnebago Industries's dividend payout ratio (DPR) is presently -544.00%.

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.