Winnebago Industries (NYSE:WGO) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a research report report published on Friday.

Several other equities analysts also recently commented on WGO. Truist Financial boosted their price target on shares of Winnebago Industries from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Roth Mkm reduced their price target on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Benchmark assumed coverage on Winnebago Industries in a research note on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective for the company. BMO Capital Markets cut their target price on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Finally, Citigroup lifted their price target on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Winnebago Industries Trading Up 0.4 %

NYSE WGO opened at $60.38 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 23.31 and a beta of 1.61. The firm has a 50 day simple moving average of $57.93 and a 200-day simple moving average of $59.15. Winnebago Industries has a one year low of $49.68 and a one year high of $75.42.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.36 dividend on an annualized basis and a yield of 2.25%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.

Insider Transactions at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total transaction of $193,247.34. Following the sale, the senior vice president now directly owns 41,315 shares in the company, valued at $2,395,443.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after buying an additional 316 shares during the last quarter. Sound Income Strategies LLC raised its position in Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after purchasing an additional 286 shares during the last quarter. Innealta Capital LLC acquired a new stake in Winnebago Industries during the 2nd quarter worth $45,000. EntryPoint Capital LLC purchased a new position in Winnebago Industries during the 1st quarter worth $75,000. Finally, nVerses Capital LLC purchased a new position in Winnebago Industries during the 2nd quarter worth $76,000.

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.