Winnebago Industries (NYSE:WGO) Hits New 12-Month Low – Should You Sell?

Shares of Winnebago Industries, Inc. (NYSE:WGO) hit a new 52-week low during trading on Friday . The company traded as low as $27.40 and last traded at $27.6140, with a volume of 215299 shares trading hands. The stock had previously closed at $28.12.

Analyst Ratings Changes

A number of research firms have recently issued reports on WGO. Citigroup cut shares of Winnebago Industries from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $30.00 in a research note on Wednesday, May 27th. BMO Capital Markets cut their target price on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Wall Street Zen cut shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Northcoast Research cut shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, Robert W. Baird cut 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 note on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.70.

Winnebago Industries Trading Down 1.7%

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 stock has a market capitalization of $781.47 million, a P/E ratio of 18.83 and a beta of 1.12. The firm’s fifty day simple moving average is $31.09 and its 200 day simple moving average is $37.61.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The firm had revenue of $657.40 million for the quarter, compared to analyst estimates of $628.00 million. During the same period last year, the firm earned $0.19 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Winnebago Industries, Inc. will post 2.34 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.40 annualized dividend and a yield of 5.1%. Winnebago Industries’s dividend payout ratio (DPR) is currently 95.24%.

Institutional Investors Weigh In On Winnebago Industries

Several institutional investors and hedge funds have recently made changes to their positions in WGO. UBS Group AG boosted its stake in shares of Winnebago Industries by 224.7% in the 4th quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock valued at $54,870,000 after purchasing an additional 937,140 shares during the last quarter. Pzena Investment Management LLC bought a new stake in shares of Winnebago Industries in the 4th quarter valued at $37,642,000. Deprince Race & Zollo Inc. boosted its stake in shares of Winnebago Industries by 300.6% in the 1st quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock valued at $17,771,000 after purchasing an additional 430,300 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its stake in shares of Winnebago Industries by 111.2% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer’s stock valued at $22,746,000 after purchasing an additional 358,100 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Winnebago Industries in the 3rd quarter valued at $9,785,000.

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.