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

Winnebago Industries, Inc. (NYSE:WGOGet Free Report) traded down 4.1% on Thursday . The company 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.

Analysts Set New Price Targets

Several research analysts have recently commented on WGO shares. Citigroup lowered Winnebago Industries from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $30.00 in a research report on Wednesday, May 27th. Northcoast Research lowered Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 1st. Truist Financial decreased their target price on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Weiss Ratings lowered Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Robert W. Baird decreased their target price on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Winnebago Industries currently has a consensus rating of “Hold” and a consensus price target of $40.70.

Get Our Latest Research Report on Winnebago Industries

Winnebago Industries Stock Up 2.2%

The firm has a market cap of $797.21 million, a price-to-earnings ratio of 19.21 and a beta of 1.12. The company has a current ratio of 2.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $30.76 and a 200-day moving average of $37.49.

Winnebago Industries (NYSE:WGOGet Free Report) last released its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) 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 business had revenue of $657.40 million during the quarter, compared to analyst estimates of $628.00 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Winnebago Industries, Inc. will post 2.34 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 5.0%. Winnebago Industries’s payout ratio is currently 95.24%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH raised its stake in Winnebago Industries by 30.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 54,597 shares of the RV manufacturer’s stock valued at $1,826,000 after acquiring an additional 12,872 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Winnebago Industries during the 3rd quarter valued at $1,093,000. Royce & Associates LP bought a new stake in Winnebago Industries during the 3rd quarter valued at $6,838,000. Gamco Investors INC. ET AL raised its stake in Winnebago Industries by 55.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 225,429 shares of the RV manufacturer’s stock valued at $7,538,000 after acquiring an additional 80,559 shares in the last quarter. Finally, UBS Group AG raised its stake in Winnebago Industries by 224.7% during the 4th quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock valued at $54,870,000 after acquiring an additional 937,140 shares in the last quarter.

About Winnebago Industries

(Get Free Report)

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.

Further Reading

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