Winnebago Industries (WGO) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a research report sent to investors on Tuesday, ValuEngine reports.

WGO has been the subject of a number of other research reports. TheStreet raised shares of Winnebago Industries from a c+ rating to a b- rating in a research report on Monday, February 11th. Zacks Investment Research lowered shares of Winnebago Industries from a hold rating to a sell rating in a research report on Thursday, March 14th. Jefferies Financial Group started coverage on shares of Winnebago Industries in a research report on Thursday, March 28th. They issued a hold rating and a $31.00 price objective for the company. Finally, BMO Capital Markets cut their price objective on shares of Winnebago Industries to $42.00 and set an outperform rating for the company in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Winnebago Industries presently has an average rating of Hold and an average target price of $38.83.

Shares of WGO opened at $36.58 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.46 and a beta of 1.52. Winnebago Industries has a 12-month low of $19.77 and a 12-month high of $47.76.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Monday, March 25th. The construction company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. The business had revenue of $432.70 million during the quarter, compared to analyst estimates of $443.05 million. Winnebago Industries had a net margin of 5.24% and a return on equity of 19.11%. The company’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, research analysts anticipate that Winnebago Industries will post 3.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Tuesday, April 2nd. Winnebago Industries’s dividend payout ratio is presently 13.97%.

In related news, CFO Bryan L. Hughes bought 2,500 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average cost of $29.58 per share, for a total transaction of $73,950.00. Following the completion of the acquisition, the chief financial officer now owns 19,288 shares in the company, valued at $570,539.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Happe bought 3,500 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was bought at an average price of $29.19 per share, with a total value of $102,165.00. Following the completion of the acquisition, the chief executive officer now owns 56,671 shares of the company’s stock, valued at approximately $1,654,226.49. The disclosure for this purchase can be found here. Insiders own 3.57% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WGO. Renaissance Technologies LLC purchased a new stake in Winnebago Industries in the third quarter valued at approximately $2,930,000. Jane Street Group LLC grew its holdings in Winnebago Industries by 38.0% in the third quarter. Jane Street Group LLC now owns 12,975 shares of the construction company’s stock valued at $430,000 after purchasing an additional 3,574 shares during the period. MetLife Investment Advisors LLC grew its holdings in Winnebago Industries by 55.0% in the third quarter. MetLife Investment Advisors LLC now owns 23,204 shares of the construction company’s stock valued at $769,000 after purchasing an additional 8,237 shares during the period. Nordea Investment Management AB grew its holdings in Winnebago Industries by 384.0% in the third quarter. Nordea Investment Management AB now owns 156,830 shares of the construction company’s stock valued at $5,199,000 after purchasing an additional 124,430 shares during the period. Finally, Legal & General Group Plc grew its holdings in Winnebago Industries by 6.1% in the third quarter. Legal & General Group Plc now owns 68,466 shares of the construction company’s stock valued at $2,304,000 after purchasing an additional 3,952 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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