Wells Fargo & Company MN Buys 20,036 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Wells Fargo & Company MN raised its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 66.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,976 shares of the construction company’s stock after purchasing an additional 20,036 shares during the quarter. Wells Fargo & Company MN’s holdings in Winnebago Industries were worth $2,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Sanctuary Advisors LLC raised its position in shares of Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after buying an additional 245 shares in the last quarter. Cascade Investment Advisors Inc. increased its stake in Winnebago Industries by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock valued at $1,094,000 after acquiring an additional 380 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after purchasing an additional 390 shares in the last quarter. Swiss National Bank lifted its stake in Winnebago Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock worth $2,719,000 after purchasing an additional 400 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Winnebago Industries by 9.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after purchasing an additional 506 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Thursday. Citigroup lowered their price objective on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. KeyCorp reduced their target price on shares of Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. BMO Capital Markets lowered their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Finally, Benchmark reduced their price objective on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.89.

Winnebago Industries Stock Performance

Shares of NYSE:WGO opened at $32.87 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $35.29 and a 200-day moving average price of $46.98. The company has a market cap of $921.18 million, a price-to-earnings ratio of -49.80 and a beta of 1.49. Winnebago Industries, Inc. has a 12 month low of $28.29 and a 12 month high of $66.05.

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

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.14%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is currently -544.00%.

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 shares were 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. This represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin E. Bryant bought 4,200 shares of the company’s stock in a transaction on Monday, March 31st. The stock was bought at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now directly owns 13,755 shares of the company’s stock, valued at approximately $469,320.60. This represents a 43.96 % increase in their position. The disclosure for this purchase can be found here. 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.