Winnebago Industries (NYSE:WGO) Shares Down 4.9% – What’s Next?

Winnebago Industries, Inc. (NYSE:WGO)’s share price fell 4.9% on Monday. The company traded as low as $22.87 and last traded at $22.8240. 86,645 shares were traded during trading, a decline of 87% from the average daily volume of 645,400 shares. The stock had previously closed at $24.00.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WGO. Benchmark reduced their price objective on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. KeyCorp reissued a “sector weight” rating on shares of Winnebago Industries in a research note on Friday, June 26th. Citigroup cut their price target on Winnebago Industries from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Weiss Ratings downgraded Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Finally, Wall Street Zen raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.67.

Winnebago Industries Stock Down 5.5%

The business’s 50 day moving average is $28.40 and its 200-day moving average is $29.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.37 and a quick ratio of 0.92. The company has a market cap of $641.00 million, a PE ratio of 16.67 and a beta of 1.18.

Winnebago Industries Increases Dividend

The company 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Wednesday, September 9th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. Winnebago Industries’s dividend payout ratio (DPR) is 105.88%.

Insider Buying and Selling at Winnebago Industries

In related news, SVP Bret Woodson sold 1,235 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total transaction of $39,186.55. Following the completion of the transaction, the senior vice president owned 31,373 shares in the company, valued at approximately $995,465.29. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Happe sold 12,045 shares of the firm’s stock in a transaction 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 owned 349,349 shares in the company, valued at approximately $11,416,725.32. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 15,694 shares of company stock valued at $511,658. Corporate insiders own 4.88% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC acquired a new stake in shares of Winnebago Industries during the second quarter worth about $53,406,000. Deprince Race & Zollo Inc. lifted its holdings 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 position in shares of 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 purchasing an additional 389,400 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Winnebago Industries in the 2nd quarter valued at about $9,545,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Winnebago Industries by 72.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock worth $20,597,000 after buying an additional 280,017 shares during the last quarter.

About Winnebago Industries

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 towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.

Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.

Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.