Winnebago Industries (NYSE:WGO) Downgraded by Robert W. Baird to “Neutral”

Robert W. Baird downgraded shares of Winnebago Industries (NYSE:WGO) from an outperform rating to a neutral rating in a research note released on Friday morning, MarketBeat Ratings reports. They currently have $38.00 target price on the construction company’s stock, down from their previous target price of $50.00.

Several other equities research analysts have also issued reports on WGO. KeyCorp lowered their price target on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. 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. DA Davidson reduced their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. BMO Capital Markets lowered their price target on 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, Truist Financial dropped their price objective on Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Winnebago Industries Trading Down 0.1 %

WGO opened at $32.83 on Friday. The stock has a market capitalization of $920.09 million, a P/E ratio of -49.74 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. Winnebago Industries has a 12 month low of $30.61 and a 12 month high of $71.31. The firm’s fifty day simple moving average is $40.08 and its 200 day simple moving average is $49.88.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm had revenue of $620.20 million for the quarter, compared to analysts’ expectations of $621.41 million. During the same quarter in the previous year, the business posted $0.93 EPS. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, research analysts anticipate that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s payout ratio is presently -544.00%.

Insider Activity

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the sale, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kevin E. Bryant purchased 4,200 shares of the business’s stock in a transaction on Monday, March 31st. The shares were acquired at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. This represents a 43.96 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Winnebago Industries by 76.0% during the third quarter. FMR LLC now owns 3,623 shares of the construction company’s stock valued at $211,000 after purchasing an additional 1,565 shares during the period. BNP Paribas Financial Markets boosted its holdings in Winnebago Industries by 23.6% in the third quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company’s stock worth $921,000 after acquiring an additional 3,030 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Winnebago Industries by 16.3% during the third quarter. Verition Fund Management LLC now owns 29,356 shares of the construction company’s stock valued at $1,706,000 after acquiring an additional 4,123 shares in the last quarter. Centiva Capital LP acquired a new position in shares of Winnebago Industries during the third quarter worth approximately $678,000. Finally, Holocene Advisors LP bought a new position in shares of Winnebago Industries in the 3rd quarter worth $1,296,000.

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.