Bank of New York Mellon Corp Sells 21,627 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Bank of New York Mellon Corp cut its stake in Winnebago Industries, Inc. (NYSE:WGO) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 323,583 shares of the construction company’s stock after selling 21,627 shares during the quarter. Bank of New York Mellon Corp owned 1.14% of Winnebago Industries worth $15,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Empower Advisory Group LLC bought a new stake in shares of Winnebago Industries in the 4th quarter valued at about $576,000. Principal Financial Group Inc. increased its stake in Winnebago Industries by 4.9% during the 4th quarter. Principal Financial Group Inc. now owns 165,680 shares of the construction company’s stock worth $7,916,000 after purchasing an additional 7,689 shares in the last quarter. Rhumbline Advisers increased its stake in Winnebago Industries by 2.2% during the 4th quarter. Rhumbline Advisers now owns 96,821 shares of the construction company’s stock worth $4,626,000 after purchasing an additional 2,077 shares in the last quarter. Legato Capital Management LLC increased its stake in Winnebago Industries by 21.0% during the 4th quarter. Legato Capital Management LLC now owns 24,160 shares of the construction company’s stock worth $1,154,000 after purchasing an additional 4,187 shares in the last quarter. Finally, Polaris Capital Management LLC increased its stake in Winnebago Industries by 47.2% during the 4th quarter. Polaris Capital Management LLC now owns 36,467 shares of the construction company’s stock worth $1,742,000 after purchasing an additional 11,700 shares in the last quarter.

Insider Activity

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the sale, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.63% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Benchmark reissued a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Wednesday, January 8th. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. DA Davidson lowered their target price 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. Finally, Truist Financial raised their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.00.

Winnebago Industries Trading Down 3.0 %

NYSE WGO opened at $35.45 on Wednesday. The company has a market cap of $1.01 billion, a PE ratio of -53.71 and a beta of 1.70. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries, Inc. has a 12 month low of $34.12 and a 12 month high of $74.10. The stock has a 50 day moving average of $44.78 and a 200-day moving average of $52.68.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). The company had revenue of $625.60 million during 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 company’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. On average, equities research analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries’s 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.