Headlands Technologies LLC Takes $110,000 Position in Winnebago Industries, Inc. (NYSE:WGO)

Headlands Technologies LLC purchased a new stake in Winnebago Industries, Inc. (NYSE:WGO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,024 shares of the construction company’s stock, valued at approximately $110,000.

A number of other large investors have also recently bought and sold shares of WGO. Principal Securities Inc. purchased a new stake in shares of Winnebago Industries in the fourth quarter valued at about $39,000. Innealta Capital LLC purchased a new stake in Winnebago Industries during the 2nd quarter valued at approximately $45,000. EntryPoint Capital LLC acquired a new stake in Winnebago Industries during the 1st quarter worth approximately $75,000. nVerses Capital LLC purchased a new position in shares of Winnebago Industries in the 2nd quarter valued at approximately $76,000. Finally, TFO Wealth Partners LLC increased its holdings in shares of Winnebago Industries by 33,433.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock valued at $147,000 after purchasing an additional 2,006 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WGO shares. BMO Capital Markets decreased their price target on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Truist Financial lowered their target price on shares of Winnebago Industries from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, July 8th. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Roth Mkm lowered their price objective on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Finally, Citigroup increased their target price on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Winnebago Industries currently has an average rating of “Moderate Buy” and a consensus price target of $69.57.

Winnebago Industries Price Performance

WGO stock opened at $56.53 on Monday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 21.83 and a beta of 1.62. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $57.48 and a 200-day moving average of $60.74. Winnebago Industries, Inc. has a 12-month low of $49.68 and a 12-month high of $75.42.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, June 20th. The construction company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The firm had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $798.26 million. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. As a group, equities analysts expect that Winnebago Industries, Inc. will post 4.19 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a dividend of $0.34 per share. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.41%. The ex-dividend date is Wednesday, September 11th. Winnebago Industries’s dividend payout ratio (DPR) is 52.51%.

Insiders Place Their Bets

In other news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the sale, the senior vice president now directly owns 41,315 shares in the company, valued at $2,395,443.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.75% 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.