Winnebago Industries (NYSE:WGO) Stock Price Down 4.1% – Here’s What Happened

Winnebago Industries, Inc. (NYSE:WGO) fell 4.1% on Thursday . The stock traded as low as $27.49 and last traded at $27.6130. 15,189 shares changed hands during trading, a decline of 98% from the average session volume of 632,635 shares. The stock had previously closed at $28.80.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. BMO Capital Markets reduced their price objective on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Northcoast Research downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 1st. Citigroup downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $46.00 to $30.00 in a research report on Wednesday, May 27th. Robert W. Baird dropped their target price on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, Wall Street Zen downgraded shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Winnebago Industries currently has an average rating of “Hold” and an average price target of $40.70.

Winnebago Industries Trading Up 2.2%

The firm has a market capitalization of $797.21 million, a PE ratio of 19.21 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30. The firm has a fifty day moving average of $30.76 and a 200 day moving average of $37.49.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The firm had revenue of $657.40 million during the quarter, compared to analyst estimates of $628.00 million. During the same quarter last year, the firm earned $0.19 EPS. Winnebago Industries’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that Winnebago Industries, Inc. will post 2.34 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio (DPR) is 95.24%.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in Winnebago Industries by 90.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after purchasing an additional 364 shares in the last quarter. Clearstead Advisors LLC acquired a new stake in Winnebago Industries during the 4th quarter valued at approximately $35,000. Hantz Financial Services Inc. grew its stake in Winnebago Industries by 825.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock valued at $40,000 after purchasing an additional 1,073 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Winnebago Industries by 15.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after purchasing an additional 309 shares in the last quarter. Finally, State of Wyoming grew its stake in Winnebago Industries by 151.4% during the 2nd quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock valued at $99,000 after purchasing an additional 2,051 shares in the last quarter.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.