Vanguard Group Inc. Purchases 48,517 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Vanguard Group Inc. grew its position in Winnebago Industries, Inc. (NYSE:WGO) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,181,874 shares of the construction company’s stock after buying an additional 48,517 shares during the period. Vanguard Group Inc. owned approximately 0.08% of Winnebago Industries worth $104,250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in shares of Winnebago Industries by 6.2% in the 4th quarter. LPL Financial LLC now owns 17,733 shares of the construction company’s stock valued at $847,000 after purchasing an additional 1,038 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Winnebago Industries in the fourth quarter valued at about $311,000. William Blair Investment Management LLC boosted its position in shares of Winnebago Industries by 2.1% during the fourth quarter. William Blair Investment Management LLC now owns 494,151 shares of the construction company’s stock worth $23,611,000 after buying an additional 10,202 shares during the period. Swiss National Bank raised its position in Winnebago Industries by 0.7% in the 4th quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after buying an additional 400 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in Winnebago Industries in the 4th quarter valued at approximately $335,000.

Winnebago Industries Stock Performance

Shares of NYSE:WGO opened at $33.44 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries, Inc. has a 1 year low of $28.29 and a 1 year high of $68.15. The stock has a market capitalization of $937.16 million, a price-to-earnings ratio of -50.67 and a beta of 1.49. The company’s 50 day simple moving average is $38.42 and its 200 day simple moving average is $48.93.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. As a group, research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries’s payout ratio is -544.00%.

Analysts Set New Price Targets

A number of research firms have recently commented on WGO. Benchmark reduced their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Robert W. Baird cut shares of Winnebago Industries from an “outperform” rating to a “neutral” rating and cut their price target for the company from $50.00 to $38.00 in a research note on Friday, April 4th. DA Davidson cut their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Finally, Truist Financial dropped their price objective on Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries currently has an average rating of “Hold” and an average target price of $54.00.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kevin E. Bryant bought 4,200 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of $34.12 per share, with a total value of $143,304.00. Following the purchase, the director now directly owns 13,755 shares of the company’s stock, valued at $469,320.60. The trade was a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Winnebago Industries Profile

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.