Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in Winnebago Industries, Inc. (NYSE:WGO) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,896 shares of the construction company’s stock after selling 814 shares during the quarter. Rhumbline Advisers owned about 0.34% of Winnebago Industries worth $5,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WGO. International Assets Investment Management LLC boosted its position in shares of Winnebago Industries by 7,188.0% during the fourth quarter. International Assets Investment Management LLC now owns 10,932 shares of the construction company’s stock worth $797,000 after buying an additional 10,782 shares during the period. Principal Securities Inc. bought a new position in shares of Winnebago Industries in the fourth quarter worth $39,000. Norges Bank acquired a new position in shares of Winnebago Industries during the fourth quarter valued at $13,809,000. Quest Partners LLC bought a new stake in shares of Winnebago Industries during the fourth quarter valued at about $758,000. Finally, Aigen Investment Management LP bought a new stake in shares of Winnebago Industries during the fourth quarter valued at about $380,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on WGO. Roth Mkm lowered their target price on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Wednesday. Robert W. Baird cut their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Citigroup lifted their price target on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Benchmark began coverage on Winnebago Industries in a report on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Winnebago Industries presently has a consensus rating of “Moderate Buy” and an average target price of $69.57.

Insider Buying and Selling

In other news, SVP Stacy L. Bogart sold 3,333 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now owns 41,315 shares in the company, valued at approximately $2,395,443.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.75% of the company’s stock.

Winnebago Industries Stock Performance

WGO opened at $56.53 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.64 billion, a PE ratio of 21.83 and a beta of 1.62. The business has a fifty day simple moving average of $57.48 and a 200-day simple moving average of $60.81. Winnebago Industries, Inc. has a fifty-two week low of $49.68 and a fifty-two week high of $75.42.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The company had revenue of $786.00 million for the quarter, compared to analyst estimates of $798.26 million. During the same quarter in the previous year, the firm posted $2.13 EPS. Winnebago Industries’s quarterly revenue was down 12.7% on a year-over-year basis. As a group, equities analysts predict that Winnebago Industries, Inc. will post 4.19 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.41%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, September 11th. Winnebago Industries’s payout ratio is presently 52.51%.

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.