Winnebago Industries (NYSE:WGO) Shares Gap Down Following Weak Earnings

Shares of Winnebago Industries, Inc. (NYSE:WGO) gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $51.93, but opened at $50.00. Winnebago Industries shares last traded at $52.20, with a volume of 125,070 shares.

The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.23). The business had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. Winnebago Industries’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 EPS.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Wednesday, January 15th. Winnebago Industries’s payout ratio is 453.33%.

Analyst Upgrades and Downgrades

WGO has been the subject of several analyst reports. Benchmark reduced their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Robert W. Baird decreased their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. BMO Capital Markets cut their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, November 11th. Finally, StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.13.

Insider Transactions at Winnebago Industries

In other news, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the transaction, the senior vice president now owns 23,728 shares in the company, valued at $1,343,953.92. This represents a 33.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael J. Happe bought 2,500 shares of Winnebago Industries stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 285,953 shares in the company, valued at $15,876,110.56. This represents a 0.88 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of institutional investors have recently bought and sold shares of WGO. Louisiana State Employees Retirement System grew its stake in Winnebago Industries by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock valued at $797,000 after purchasing an additional 200 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Winnebago Industries by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 376,829 shares of the construction company’s stock valued at $20,424,000 after buying an additional 1,681 shares in the last quarter. Legato Capital Management LLC acquired a new position in Winnebago Industries in the 2nd quarter valued at $490,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Winnebago Industries by 12.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,554 shares of the construction company’s stock worth $355,000 after acquiring an additional 711 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Winnebago Industries in the 2nd quarter worth $45,000.

Winnebago Industries Stock Down 3.8 %

The business has a 50 day simple moving average of $57.69 and a 200-day simple moving average of $57.29. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 166.61 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44.

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 through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.