Winnebago Industries (NYSE:WGO) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

WGO has been the topic of a number of other research reports. Citigroup increased their price objective on shares of Winnebago Industries from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Weiss Ratings downgraded shares of Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 14th. Seaport Research Partners started coverage on shares of Winnebago Industries in a report on Monday, July 27th. They issued a “neutral” rating on the stock. Zacks Research lowered shares of Winnebago Industries from a “hold” rating to a “strong sell” rating in a report on Monday, November 2nd. Finally, BMO Capital Markets cut their price target on Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Winnebago Industries has an average rating of “Hold” and an average target price of $34.11.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $31.77 on Friday. Winnebago Industries has a 52 week low of $21.95 and a 52 week high of $50.16. The business’s 50 day moving average price is $27.62 and its 200 day moving average price is $32.38. The company has a quick ratio of 1.04, a current ratio of 2.17 and a debt-to-equity ratio of 0.36. The firm has a market cap of $904.70 million, a P/E ratio of 26.25 and a beta of 1.21.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share (EPS) for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. On average, sell-side analysts expect that Winnebago Industries will post 1.93 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, September 9th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. Winnebago Industries’s payout ratio is currently 119.01%.

Insider Buying and Selling

In other Winnebago Industries news, SVP Stacy Bogart sold 14,146 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $33.73, for a total transaction of $477,144.58. Following the transaction, the senior vice president owned 69,821 shares in the company, valued at approximately $2,355,062.33. This represents a 16.85% 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, CEO Michael Happe sold 12,045 shares of the firm’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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 29,840 shares of company stock valued at $988,803. 5.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Winnebago Industries by 145.2% in the 3rd quarter. GAMMA Investing LLC now owns 954 shares of the RV manufacturer’s stock worth $25,000 after acquiring an additional 565 shares in the last quarter. Allworth Financial LP acquired a new position in Winnebago Industries during the second quarter worth $33,000. Versant Capital Management Inc grew its position in shares of Winnebago Industries by 365.6% in the third quarter. Versant Capital Management Inc now owns 1,313 shares of the RV manufacturer’s stock valued at $35,000 after purchasing an additional 1,031 shares during the period. Jacobi Capital Management LLC acquired a new stake in shares of Winnebago Industries in the third quarter valued at about $40,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Winnebago Industries in the second quarter valued at about $74,000.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.

Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.

Founded in 1958, the company is headquartered in Forest City, Iowa.