Winnebago Industries (NYSE:WGO) Trading Down 3.2% – Here’s Why

Winnebago Industries, Inc. (NYSE:WGO)’s share price fell 3.2% during trading on Monday . The stock traded as low as $35.27 and last traded at $34.91. 54,820 shares were traded during mid-day trading, a decline of 91% from the average session volume of 625,041 shares. The stock had previously closed at $36.05.

Analyst Ratings Changes

Several research firms recently issued reports on WGO. Benchmark reissued a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. DA Davidson decreased their target price 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. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday. KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial increased their price target on Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.00.

Winnebago Industries Trading Down 3.2 %

The firm has a market cap of $983.25 million, a PE ratio of -52.46 and a beta of 1.70. 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 business has a fifty day moving average price of $43.47 and a 200 day moving average price of $51.81.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. During the same quarter in the previous year, the company posted $1.06 EPS. The company’s revenue was down 18.0% compared to the same quarter last year. Analysts forecast that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Insider Buying and Selling

In related news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Winnebago Industries by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock worth $104,250,000 after buying an additional 48,517 shares during the last quarter. First Trust Advisors LP grew its stake in 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 worth $78,540,000 after buying an additional 474,273 shares during the last quarter. State Street Corp grew its stake in Winnebago Industries by 0.6% during the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock worth $65,711,000 after buying an additional 6,979 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after buying an additional 173,274 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Winnebago Industries by 8.8% during 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.

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.