Winnebago Industries (NYSE:WGO) Trading Down 7.8% Following Analyst Downgrade

Winnebago Industries, Inc. (NYSE:WGOGet Free Report)’s stock price dropped 7.8% on Wednesday after Truist Financial lowered their price target on the stock from $43.00 to $35.00. Truist Financial currently has a buy rating on the stock. Winnebago Industries traded as low as $28.61 and last traded at $28.4620. Approximately 261,869 shares changed hands during trading, a decline of 62% from the average daily volume of 684,047 shares. The stock had previously closed at $30.88.

WGO has been the subject of a number of other research reports. BMO Capital Markets cut their price objective on shares of Winnebago Industries from $48.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, June 26th. Zacks Research lowered Winnebago Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, June 26th. Citigroup upped their price target on Winnebago Industries from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, June 29th. DA Davidson reiterated a “neutral” rating and set a $35.00 price target on shares of Winnebago Industries in a research report on Monday, June 15th. Finally, Weiss Ratings cut Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Winnebago Industries presently has an average rating of “Hold” and an average price target of $36.33.

Read Our Latest Stock Report on WGO

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in Winnebago Industries by 90.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after buying an additional 364 shares in the last quarter. Clearstead Advisors LLC acquired a new stake in shares of Winnebago Industries in the fourth quarter worth approximately $35,000. Hantz Financial Services Inc. boosted its stake in shares of Winnebago Industries by 36.2% in the fourth quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock worth $66,000 after acquiring an additional 435 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Winnebago Industries by 15.9% during the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after purchasing an additional 309 shares in the last quarter. Finally, State of Wyoming increased its position in shares of Winnebago Industries by 151.4% during the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock worth $99,000 after purchasing an additional 2,051 shares in the last quarter.

Winnebago Industries Trading Down 7.8%

The company has a 50 day moving average of $29.83 and a 200 day moving average of $36.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 2.37. The stock has a market capitalization of $804.54 million, a price-to-earnings ratio of 20.93 and a beta of 1.12.

Winnebago Industries (NYSE:WGOGet Free Report) last announced its earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.10). Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The business had revenue of $698.70 million for the quarter, compared to analyst estimates of $755.67 million. During the same period last year, the firm earned $0.81 EPS. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. On average, research analysts predict that Winnebago Industries, Inc. will post 1.81 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a $0.35 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.40 dividend on an annualized basis and a yield of 4.9%. Winnebago Industries’s dividend payout ratio is presently 102.94%.

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.

Featured Articles

Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.