Russell Investments Group Ltd. Lowers Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Russell Investments Group Ltd. lowered its stake in Winnebago Industries, Inc. (NYSE:WGO) by 9.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,171 shares of the construction company’s stock after selling 6,256 shares during the quarter. Russell Investments Group Ltd.’s holdings in Winnebago Industries were worth $2,732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after acquiring an additional 173,274 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Winnebago Industries in the 4th quarter worth about $399,000. Prescott Group Capital Management L.L.C. bought a new position in Winnebago Industries in the 4th quarter worth about $1,433,000. Proficio Capital Partners LLC purchased a new stake in Winnebago Industries during the 4th quarter valued at about $632,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Winnebago Industries by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock valued at $29,889,000 after purchasing an additional 50,634 shares in the last quarter.

Winnebago Industries Trading Up 3.4 %

Shares of NYSE:WGO opened at $30.64 on Friday. The stock’s 50-day simple moving average is $36.62 and its two-hundred day simple moving average is $47.86. The stock has a market capitalization of $858.55 million, a price-to-earnings ratio of -46.42 and a beta of 1.49. Winnebago Industries, Inc. has a 52-week low of $28.29 and a 52-week high of $66.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. During the same quarter last year, the firm posted $0.93 earnings per share. The firm’s revenue was down 11.9% compared to the same quarter last year. Analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 4.44%. Winnebago Industries’s dividend payout ratio (DPR) is -544.00%.

Insider Transactions at Winnebago Industries

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WGO shares. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Friday, April 11th. Truist Financial reduced their target price on Winnebago Industries from $50.00 to $38.00 and set a “buy” rating for the company in a report on Monday. KeyCorp lowered their price target on Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Baird R W downgraded Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.89.

Winnebago Industries Company 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.