Charles Schwab Investment Management Inc. Acquires 50,634 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Charles Schwab Investment Management Inc. raised its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 625,548 shares of the construction company’s stock after acquiring an additional 50,634 shares during the period. Charles Schwab Investment Management Inc. owned about 2.20% of Winnebago Industries worth $29,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC grew its holdings in shares of Winnebago Industries by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after purchasing an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in shares of Winnebago Industries by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after purchasing an additional 380 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after purchasing an additional 390 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Winnebago Industries by 9.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after purchasing an additional 506 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Winnebago Industries by 64.5% in 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 during the last quarter.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $35.77 on Tuesday. Winnebago Industries, Inc. has a 12 month low of $34.12 and a 12 month high of $74.10. The stock has a market cap of $1.02 billion, a PE ratio of -54.20 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. The company’s fifty day moving average price is $43.73 and its 200-day moving average price is $51.98.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. During the same quarter last year, the firm posted $1.06 EPS. The business’s quarterly revenue was down 18.0% on a year-over-year basis. On average, equities analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

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. This represents a $1.36 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries’s payout ratio is -206.06%.

Wall Street Analyst Weigh In

WGO has been the topic of several recent analyst reports. Benchmark restated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Monday. KeyCorp upgraded 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 report on Wednesday, January 8th. DA Davidson cut their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Finally, Truist Financial lifted their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Insider Buying and Selling

In related news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction dated 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. The trade was a 12.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.63% of the stock is currently owned by company insiders.

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.