KLP Kapitalforvaltning AS Invests $311,000 in Winnebago Industries, Inc. (NYSE:WGO)

KLP Kapitalforvaltning AS purchased a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,500 shares of the construction company’s stock, valued at approximately $311,000.

Several other institutional investors have also added to or reduced their stakes in WGO. Sanctuary Advisors LLC increased its holdings in shares of Winnebago Industries by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after buying an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. grew its position 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 worth $1,094,000 after acquiring an additional 380 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after acquiring an additional 390 shares during the last quarter. Swiss National Bank raised its position in Winnebago Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after purchasing an additional 400 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Winnebago Industries by 9.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock valued at $273,000 after purchasing an additional 506 shares during the last quarter.

Insider Transactions at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kevin E. Bryant acquired 4,200 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the transaction, the director now owns 13,755 shares of the company’s stock, valued at $469,320.60. This represents a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Winnebago Industries Stock Down 0.1 %

Shares of NYSE WGO opened at $32.83 on Friday. Winnebago Industries, Inc. has a 52-week low of $30.61 and a 52-week high of $71.31. The firm has a market capitalization of $920.09 million, a price-to-earnings ratio of -49.74 and a beta of 1.70. The stock has a 50 day moving average price of $40.08 and a 200 day moving average price of $49.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. Sell-side analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is -544.00%.

Analyst Ratings Changes

WGO has been the topic of several analyst reports. BMO Capital Markets cut their target price on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. DA Davidson lowered their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Truist Financial cut their price target on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, March 28th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Benchmark dropped their target price on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and an average target price of $54.00.

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.