Principal Financial Group Inc. Grows Position in Winnebago Industries, Inc. (NYSE:WGO)

Principal Financial Group Inc. raised its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,680 shares of the construction company’s stock after acquiring an additional 7,689 shares during the period. Principal Financial Group Inc. owned approximately 0.58% of Winnebago Industries worth $7,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WGO. R Squared Ltd purchased a new position in shares of Winnebago Industries in the 4th quarter worth $43,000. Quarry LP boosted its holdings in shares of Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after purchasing an additional 848 shares during the period. KBC Group NV increased its position in 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. DekaBank Deutsche Girozentrale grew its holdings in Winnebago Industries by 196.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after purchasing an additional 989 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new stake in Winnebago Industries in the 3rd quarter worth about $152,000.

Analysts Set New Price Targets

WGO has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, November 11th. Truist Financial boosted their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, February 10th. KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target on the stock in a research note on Wednesday, January 8th. Finally, DA Davidson dropped their target price 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, December 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Winnebago Industries currently has an average rating of “Moderate Buy” and an average price target of $65.00.

Winnebago Industries Stock Up 0.2 %

NYSE:WGO opened at $40.39 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The stock has a market capitalization of $1.15 billion, a P/E ratio of -61.19 and a beta of 1.62. The company’s 50-day simple moving average is $46.28 and its 200-day simple moving average is $53.73. Winnebago Industries, Inc. has a fifty-two week low of $39.83 and a fifty-two week high of $74.10.

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 the consensus estimate of $0.20 by ($0.23). The company had revenue of $625.60 million for the quarter, compared to analyst estimates 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 company earned $1.06 EPS. On average, equities analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.37%. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

Insider Activity

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the firm’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 value of $66,612.96. Following the sale, the director now directly owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.