Winnebago Industries (NYSE:WGO) Reaches New 1-Year Low – Should You Sell?

Winnebago Industries, Inc. (NYSE:WGO) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $43.31 and last traded at $43.69, with a volume of 30426 shares changing hands. The stock had previously closed at $44.51.

Analyst Upgrades and Downgrades

WGO has been the topic of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Truist Financial lifted their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday, February 10th. DA Davidson decreased their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Finally, KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Winnebago Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Winnebago Industries Trading Down 1.5 %

The company has a fifty day simple moving average of $47.64 and a two-hundred day simple moving average of $54.37. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.18 billion, a PE ratio of -63.03 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. During the same period last year, the business earned $1.06 EPS. The firm’s revenue was down 18.0% compared to the same quarter last year. Analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is -206.06%.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now directly owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its stake in Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after purchasing an additional 245 shares during the period. Cascade Investment Advisors Inc. boosted its stake in shares of Winnebago Industries by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after buying an additional 380 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after buying an additional 390 shares during the last quarter. Swiss National Bank increased its position in Winnebago Industries by 0.7% in the 4th quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after acquiring an additional 400 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in Winnebago Industries by 9.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock valued at $273,000 after acquiring an additional 506 shares during the last quarter.

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.