JPMorgan Chase & Co. Buys 173,274 Shares of Winnebago Industries, Inc. (NYSE:WGO)

JPMorgan Chase & Co. boosted its position in Winnebago Industries, Inc. (NYSE:WGO) by 25.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 855,507 shares of the construction company’s stock after buying an additional 173,274 shares during the period. JPMorgan Chase & Co. owned approximately 3.01% of Winnebago Industries worth $49,714,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in shares of Winnebago Industries during the third quarter valued at approximately $7,750,000. Quantbot Technologies LP increased its stake in Winnebago Industries by 94.5% during the 3rd quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock valued at $3,736,000 after purchasing an additional 31,242 shares in the last quarter. Vestcor Inc raised its holdings in Winnebago Industries by 105.6% during the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after buying an additional 8,837 shares during the last quarter. Entropy Technologies LP lifted its stake in shares of Winnebago Industries by 89.2% in the third quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock valued at $1,084,000 after buying an additional 8,796 shares in the last quarter. Finally, Dean Investment Associates LLC grew 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 valued at $2,962,000 after buying an additional 26,474 shares during the last quarter.

Winnebago Industries Trading Up 3.4 %

Shares of Winnebago Industries stock opened at $49.81 on Friday. The firm has a market cap of $1.41 billion, a PE ratio of 166.04 and a beta of 1.62. Winnebago Industries, Inc. has a 1 year low of $45.44 and a 1 year high of $74.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The stock has a fifty day moving average price of $55.81 and a 200-day moving average price of $56.56.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. During the same quarter last year, the business posted $1.06 EPS. The business’s quarterly revenue was down 18.0% on a year-over-year basis. Equities research analysts anticipate that Winnebago Industries, Inc. will post 3.52 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.73%. The ex-dividend date is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is -206.06%.

Insiders Place Their Bets

In other Winnebago Industries news, CEO Michael J. Happe acquired 2,500 shares of Winnebago Industries stock in a transaction that occurred on Tuesday, October 29th. The stock was acquired at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the purchase, the chief executive officer now owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the sale, the senior vice president now owns 23,728 shares in the company, valued at approximately $1,343,953.92. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WGO shares. Truist Financial lowered their target price on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. DA Davidson lowered their price objective on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Robert W. Baird cut their target price on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. BMO Capital Markets lowered their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.63.

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.