Barclays PLC Sells 24,083 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Barclays PLC decreased its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 32.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,572 shares of the construction company’s stock after selling 24,083 shares during the quarter. Barclays PLC owned 0.17% of Winnebago Industries worth $2,881,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WGO. Y Intercept Hong Kong Ltd acquired a new position in Winnebago Industries during the 3rd quarter worth approximately $616,000. Dean Investment Associates LLC increased its holdings in shares of Winnebago Industries by 108.1% during the third quarter. Dean Investment Associates LLC now owns 50,966 shares of the construction company’s stock worth $2,962,000 after buying an additional 26,474 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Winnebago Industries in the 3rd quarter valued at $7,750,000. Weiss Asset Management LP acquired a new stake in shares of Winnebago Industries during the 3rd quarter valued at $256,000. Finally, State Street Corp increased its holdings in Winnebago Industries by 0.6% in the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock worth $65,711,000 after purchasing an additional 6,979 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William C. Fisher bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the acquisition, the director now owns 32,267 shares in the company, valued at $1,768,554.27. This represents a 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Wall Street Analyst Weigh In

WGO has been the topic of a number of recent research reports. Truist Financial cut their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. BMO Capital Markets reduced their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird dropped their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. DA Davidson reduced their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.63.

Winnebago Industries Stock Performance

Shares of WGO opened at $47.89 on Wednesday. The firm’s fifty day simple moving average is $57.26 and its two-hundred day simple moving average is $57.09. Winnebago Industries, Inc. has a 12 month low of $47.10 and a 12 month high of $74.61. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.38 billion, a P/E ratio of 159.64 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last released its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. During the same period in the prior year, the business earned $1.06 EPS. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. As a group, analysts predict that Winnebago Industries, Inc. will post 3.52 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.84%. The ex-dividend date is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is presently -206.06%.

About Winnebago Industries

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.