Winnebago Industries (NYSE:WGO) Reaches New 12-Month Low – What’s Next?

Winnebago Industries, Inc. (NYSE:WGO)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $27.40 and last traded at $27.6140, with a volume of 215299 shares. The stock had previously closed at $28.12.

Analysts Set New Price Targets

WGO has been the subject of several recent research reports. Northcoast Research lowered shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 1st. Wall Street Zen lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Weiss Ratings lowered shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Truist Financial dropped their price target on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Finally, Citigroup lowered shares of Winnebago Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $46.00 to $30.00 in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.70.

Winnebago Industries Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99. The stock has a market capitalization of $782.32 million, a P/E ratio of 18.83 and a beta of 1.12. The company’s 50 day simple moving average is $30.98 and its two-hundred day simple moving average is $37.54.

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

Winnebago Industries Dividend Announcement

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

Institutional Trading of Winnebago Industries

Several hedge funds have recently modified their holdings of WGO. UBS Group AG grew its stake in shares of Winnebago Industries by 224.7% during the fourth 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 during the fourth quarter valued at approximately $37,642,000. Deprince Race & Zollo Inc. grew its stake in shares of Winnebago Industries by 300.6% during the first 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. grew its stake in shares of Winnebago Industries by 111.2% during the third 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 during the third quarter valued at approximately $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.