Winnebago Industries (NYSE:WGO) Hits New 1-Year Low – Here’s What Happened

Winnebago Industries, Inc. (NYSE:WGO) shares hit a new 52-week low during trading on Monday. The company traded as low as $23.30 and last traded at $23.2950, with a volume of 570,835 shares changing hands. The stock had previously closed at $23.39.

Wall Street Analyst Weigh In

A number of analysts recently commented on WGO shares. Zacks Research upgraded Winnebago Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. KeyCorp reissued a “sector weight” rating on shares of Winnebago Industries in a research report on Friday, June 26th. Citigroup reduced their price objective on Winnebago Industries from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday. Truist Financial decreased their target price on Winnebago Industries from $43.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Finally, Seaport Research Partners initiated coverage on Winnebago Industries in a research report on Monday, July 27th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.67.

Winnebago Industries Trading Down 0.2%

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 stock has a market capitalization of $655.04 million, a PE ratio of 17.04 and a beta of 1.18. The stock’s 50 day simple moving average is $28.87 and its two-hundred day simple moving average is $29.95.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were paid a $0.36 dividend. The ex-dividend date was Wednesday, September 9th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 6.2%. Winnebago Industries’s dividend payout ratio (DPR) is currently 105.88%.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 2,414 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.66, for a total value of $78,841.24. Following the sale, the senior vice president directly owned 31,274 shares in the company, valued at $1,021,408.84. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael J. Happe sold 12,045 shares of the company’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 transaction, the chief executive officer directly owned 349,349 shares in the company, valued at $11,416,725.32. This represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 15,694 shares of company stock valued at $511,658. 4.88% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

Large investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC bought a new stake in Winnebago Industries during the 2nd quarter valued at $53,406,000. Dimensional Fund Advisors LP lifted its position in shares of Winnebago Industries by 8.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock worth $48,968,000 after acquiring an additional 129,228 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of Winnebago Industries by 33.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock worth $48,710,000 after acquiring an additional 389,400 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Winnebago Industries by 72.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock worth $20,597,000 after acquiring an additional 280,017 shares in the last quarter. Finally, Deprince Race & Zollo Inc. boosted its holdings in shares of Winnebago Industries by 300.6% in the first quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock worth $17,771,000 after acquiring an additional 430,300 shares during the period.

Winnebago Industries Company Profile

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.