Commonwealth Equity Services LLC Boosts Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Commonwealth Equity Services LLC increased its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,143 shares of the construction company’s stock after acquiring an additional 294 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Winnebago Industries were worth $333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WGO. Principal Securities Inc. acquired a new stake in shares of Winnebago Industries in the 4th quarter valued at about $39,000. Innealta Capital LLC purchased a new stake in Winnebago Industries during the 2nd quarter valued at approximately $45,000. EntryPoint Capital LLC acquired a new stake in Winnebago Industries during the 1st quarter worth approximately $75,000. TFO Wealth Partners LLC grew its stake in shares of Winnebago Industries by 33,433.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock valued at $147,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Shell Asset Management Co. increased its holdings in shares of Winnebago Industries by 122.5% in the first quarter. Shell Asset Management Co. now owns 3,210 shares of the construction company’s stock valued at $238,000 after purchasing an additional 1,767 shares during the period.

Winnebago Industries Trading Down 2.3 %

Shares of Winnebago Industries stock opened at $57.76 on Tuesday. The company has a 50-day moving average of $58.05 and a two-hundred day moving average of $60.32. Winnebago Industries, Inc. has a 12-month low of $49.68 and a 12-month high of $75.42. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.67 billion, a PE ratio of 22.30 and a beta of 1.62.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, September 11th. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.35%. Winnebago Industries’s payout ratio is currently 52.51%.

Insiders Place Their Bets

In other news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the transaction, the senior vice president now owns 41,315 shares in the company, valued at $2,395,443.70. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on WGO. Citigroup increased their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Robert W. Baird lowered their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. Benchmark began coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They set a “buy” rating and a $75.00 price target on the stock. Truist Financial raised their price objective on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday. Finally, Roth Mkm dropped their target price on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

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.