Winnebago Industries, Inc. (NYSE:WGO) Stock Position Raised by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,821 shares of the construction company’s stock after buying an additional 2,077 shares during the period. Rhumbline Advisers owned approximately 0.34% of Winnebago Industries worth $4,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WGO. Sanctuary Advisors LLC grew its stake in Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after acquiring an additional 245 shares in the last quarter. Cascade Investment Advisors Inc. increased its stake in Winnebago Industries by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock valued at $1,094,000 after acquiring an additional 380 shares during the period. Exchange Traded Concepts LLC boosted its position in Winnebago Industries by 9.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock valued at $273,000 after buying an additional 506 shares in the last quarter. KBC Group NV lifted 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 worth $72,000 after purchasing an additional 587 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its stake in shares of Winnebago Industries by 3.9% in the 4th quarter. Signal Advisors Wealth LLC now owns 19,713 shares of the construction company’s stock valued at $942,000 after purchasing an additional 732 shares during the last quarter.

Winnebago Industries Price Performance

NYSE WGO opened at $40.33 on Friday. The company has a market cap of $1.15 billion, a PE ratio of -61.10 and a beta of 1.62. The firm’s 50-day simple moving average is $46.47 and its two-hundred day simple moving average is $53.86. Winnebago Industries, Inc. has a 52 week low of $39.83 and a 52 week high of $74.10. 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 (NYSE:WGO) last issued its quarterly earnings results 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). The business had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business’s revenue was down 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 EPS. Research analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a $0.34 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 3.37%. Winnebago Industries’s payout ratio is -206.06%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WGO shares. Truist Financial raised their price target on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a research note on Monday, December 23rd. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, November 11th. DA Davidson dropped their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. Finally, KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

Insiders Place Their Bets

In other news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. This represents a 12.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.63% of the company’s stock.

Winnebago Industries Company 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.