Nisa Investment Advisors LLC Cuts Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Nisa Investment Advisors LLC trimmed its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 2.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,286 shares of the construction company’s stock after selling 331 shares during the period. Nisa Investment Advisors LLC’s holdings in Winnebago Industries were worth $527,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Winnebago Industries by 36,000.0% in the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company’s stock worth $25,000 after buying an additional 720 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Winnebago Industries by 304.9% in the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock worth $28,000 after buying an additional 622 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock worth $28,000 after acquiring an additional 711 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock worth $43,000 after acquiring an additional 807 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new stake in shares of Winnebago Industries in the 1st quarter worth about $64,000.

Winnebago Industries Trading Down 5.4%

Shares of WGO opened at $30.66 on Wednesday. Winnebago Industries, Inc. has a 1-year low of $28.00 and a 1-year high of $65.65. The company has a 50-day moving average of $32.91 and a 200 day moving average of $37.26. The firm has a market capitalization of $859.40 million, a price-to-earnings ratio of -51.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The business had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. During the same quarter in the previous year, the business posted $1.13 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, research analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were issued a $0.34 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 annualized dividend and a dividend yield of 4.44%. Winnebago Industries’s dividend payout ratio is currently -230.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, June 26th. Truist Financial lowered their target price on shares of Winnebago Industries from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, June 26th. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $50.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, June 26th. Citigroup lowered their target price on shares of Winnebago Industries from $37.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, June 26th. Finally, Baird R W lowered shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

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.