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

Winnebago Industries, Inc. (NYSE:WGO)’s share price hit a new 52-week low on Friday . The stock 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.

Wall Street Analyst Weigh In

WGO has been the topic of several recent research reports. Truist Financial decreased their target price on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Robert W. Baird decreased their price target on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. BMO Capital Markets decreased their price target on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Wall Street Zen lowered Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Citigroup lowered shares of Winnebago Industries from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $30.00 in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.70.

Winnebago Industries Stock 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 firm has a market capitalization of $781.47 million, a P/E ratio of 18.83 and a beta of 1.12. The stock’s 50 day moving average is $31.09 and its two-hundred day moving average is $37.61.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The business had revenue of $657.40 million during the quarter, compared to the consensus estimate of $628.00 million. During the same period in the previous year, the firm posted $0.19 earnings per share. Winnebago Industries’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that Winnebago Industries, Inc. will post 2.34 earnings per share 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 issued 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 is presently 95.24%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Winnebago Industries by 90.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after acquiring an additional 364 shares during the last quarter. Clearstead Advisors LLC acquired a new stake in Winnebago Industries in the fourth quarter valued at $35,000. Hantz Financial Services Inc. lifted its stake in Winnebago Industries by 825.4% in the third quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock valued at $40,000 after acquiring an additional 1,073 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after acquiring an additional 309 shares during the last quarter. Finally, State of Wyoming lifted its stake in Winnebago Industries by 151.4% in the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock valued at $99,000 after acquiring an additional 2,051 shares during the last quarter.

About Winnebago Industries

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.