Tower Research Capital LLC TRC Trims Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Tower Research Capital LLC TRC lessened its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 78.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 891 shares of the construction company’s stock after selling 3,231 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Winnebago Industries were worth $43,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WGO. Smartleaf Asset Management LLC increased its position in shares of 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 acquiring an additional 390 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Winnebago Industries during the fourth quarter valued at about $43,000. Sterling Capital Management LLC increased its position in shares of Winnebago Industries by 823.5% during the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after acquiring an additional 807 shares during the last quarter. KBC Group NV increased its position in shares of Winnebago Industries by 64.5% during the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after acquiring an additional 587 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Winnebago Industries by 129.0% during the fourth quarter. Headlands Technologies LLC now owns 2,029 shares of the construction company’s stock valued at $97,000 after acquiring an additional 1,143 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on WGO. Benchmark dropped their price target on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. DA Davidson upgraded shares of Winnebago Industries to a “hold” rating in a report on Monday, April 14th. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. Baird R W cut shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, KeyCorp dropped their price objective on shares of Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.89.

Winnebago Industries Trading Up 1.5%

NYSE WGO opened at $37.25 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. Winnebago Industries, Inc. has a 52 week low of $28.29 and a 52 week high of $65.83. The stock has a market capitalization of $1.04 billion, a PE ratio of -56.44 and a beta of 1.12. The firm has a 50 day moving average of $33.40 and a two-hundred day moving average of $44.75.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $621.41 million. During the same quarter in the previous year, the business posted $0.93 EPS. The firm’s revenue was down 11.9% on a year-over-year basis. As a group, research analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.65%. The ex-dividend date was Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is presently -544.00%.

Insiders Place Their Bets

In related news, Director Kevin E. Bryant acquired 4,200 shares of Winnebago Industries stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the transaction, the director now owns 13,755 shares of the company’s stock, valued at $469,320.60. This represents a 43.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This represents a 12.04% decrease in their position. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by company insiders.

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.