Winnebago Industries (NYSE:WGO) Reaches New 1-Year Low – What’s Next?

Winnebago Industries, Inc. (NYSE:WGO)’s stock price reached a new 52-week low during trading on Tuesday. The stock traded as low as $26.25 and last traded at $26.32, with a volume of 190062 shares. The stock had previously closed at $27.01.

Analyst Ratings Changes

Several research firms have recently weighed in on WGO. Seaport Research Partners initiated coverage on Winnebago Industries in a research report on Monday, July 27th. They issued a “neutral” rating on the stock. KeyCorp reissued a “sector weight” rating on shares of Winnebago Industries in a research note on Friday, June 26th. Griffin Securities set a $35.00 target price on shares of Winnebago Industries in a research note on Monday, June 15th. DA Davidson reaffirmed a “neutral” rating and set a $35.00 target price on shares of Winnebago Industries in a report on Monday, June 15th. Finally, Benchmark reduced their target price on shares of Winnebago Industries from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Winnebago Industries has a consensus rating of “Hold” and an average target price of $36.22.

Winnebago Industries Price Performance

The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36. The company has a market cap of $743.64 million, a price-to-earnings ratio of 19.35 and a beta of 1.12. The stock’s 50-day simple moving average is $30.21 and its 200 day simple moving average is $30.63.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were issued a $0.36 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $1.44 annualized dividend and a dividend yield of 5.5%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.35. Winnebago Industries’s dividend payout ratio (DPR) is currently 105.88%.

Insider Buying and Selling

In related news, SVP Bret Woodson sold 2,414 shares of Winnebago Industries stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $32.66, for a total value of $78,841.24. Following the completion of the sale, the senior vice president owned 31,274 shares in the company, valued at approximately $1,021,408.84. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Happe sold 12,045 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $32.68, for a total value of $393,630.60. Following the completion of the sale, the chief executive officer directly owned 349,349 shares in the company, valued at approximately $11,416,725.32. The trade was a 3.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,694 shares of company stock valued at $511,658 in the last ninety days. 4.88% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the company. Tidal Investments LLC purchased a new stake in Winnebago Industries during the second quarter worth about $558,000. Squarepoint Ops LLC increased its stake in Winnebago Industries by 181.3% during the 2nd quarter. Squarepoint Ops LLC now owns 113,403 shares of the RV manufacturer’s stock worth $3,543,000 after buying an additional 73,084 shares during the period. AXQ Capital LP purchased a new stake in Winnebago Industries during the 2nd quarter worth approximately $420,000. Maple Rock Capital Partners Inc. boosted its position in Winnebago Industries by 33.3% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock valued at $48,710,000 after buying an additional 389,400 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Winnebago Industries in the 2nd quarter valued at approximately $363,000.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products headquartered in Forest City, Iowa. Founded in 1958, the company initially became known for producing motorhomes under the Winnebago brand and has since expanded into a broad portfolio of recreational lifestyle products.

The company manufactures motorhomes, travel trailers, fifth-wheel trailers, and other towable recreational vehicles. Its brand portfolio includes Winnebago, Grand Design, Newmar, Chris-Craft, and Barletta, offering products that range from entry-level and premium RVs to luxury motor yachts and pontoon boats.

Winnebago serves customers primarily through independent dealers in the United States and Canada, with products also distributed in select international markets.