Winnebago Industries (NYSE:WGO) Rating Lowered to “Sell” at StockNews.com

Winnebago Industries (NYSE:WGO) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Several other equities analysts also recently weighed in on the company. Citigroup lowered their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. KeyCorp reduced their target price on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Truist Financial lowered their price target on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Benchmark reduced 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 note on Tuesday. Finally, BMO Capital Markets decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.89.

Winnebago Industries Price Performance

NYSE WGO opened at $32.85 on Wednesday. The stock has a 50-day moving average of $40.36 and a 200 day moving average of $50.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The company has a market capitalization of $920.62 million, a price-to-earnings ratio of -49.77 and a beta of 1.70. Winnebago Industries has a one year low of $32.75 and a one year high of $72.15.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. On average, sell-side analysts forecast that Winnebago Industries will post 3.41 EPS for the current year.

Insiders Place Their Bets

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s 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 transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kevin E. Bryant bought 4,200 shares of the stock in a transaction dated Monday, March 31st. The stock was purchased at an average price of $34.12 per share, with a total value of $143,304.00. Following the acquisition, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. The trade was 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 insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently modified their holdings of WGO. Vanguard Group Inc. lifted its position in shares of Winnebago Industries by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock worth $104,250,000 after purchasing an additional 48,517 shares during the last quarter. First Trust Advisors LP grew its stake in Winnebago Industries by 40.6% in the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after acquiring an additional 474,273 shares in the last quarter. State Street Corp increased its position in shares of Winnebago Industries by 0.6% during the third quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock worth $65,711,000 after acquiring an additional 6,979 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after acquiring an additional 173,274 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock valued at $29,889,000 after purchasing an additional 50,634 shares during the period.

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.