Winnebago Industries, Inc. (NYSE:WGO) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC raised its position in Winnebago Industries, Inc. (NYSE:WGO) by 100.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,089 shares of the construction company’s stock after buying an additional 13,105 shares during the quarter. AQR Capital Management LLC owned approximately 0.09% of Winnebago Industries worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WGO. Innealta Capital LLC purchased a new stake in shares of Winnebago Industries during the second quarter worth approximately $45,000. EntryPoint Capital LLC purchased a new stake in shares of Winnebago Industries during the first quarter worth approximately $75,000. nVerses Capital LLC purchased a new position in Winnebago Industries in the second quarter worth $76,000. Headlands Technologies LLC purchased a new position in Winnebago Industries in the second quarter worth $110,000. Finally, Shell Asset Management Co. raised its position in Winnebago Industries by 122.5% in the first quarter. Shell Asset Management Co. now owns 3,210 shares of the construction company’s stock worth $238,000 after acquiring an additional 1,767 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BMO Capital Markets cut their price objective on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Truist Financial upped their target price on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, September 20th. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Citigroup increased their target price on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Robert W. Baird reduced their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Winnebago Industries presently has an average rating of “Moderate Buy” and an average price target of $70.00.

Winnebago Industries Stock Performance

Winnebago Industries stock opened at $56.58 on Friday. The stock’s 50-day moving average is $57.60 and its 200-day moving average is $59.69. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 21.85 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. Winnebago Industries, Inc. has a 12 month low of $49.68 and a 12 month high of $75.42.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a dividend of $0.34 per share. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Wednesday, September 11th. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total transaction of $193,247.34. Following the completion of the sale, the senior vice president now owns 41,315 shares in the company, valued at $2,395,443.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.75% of the company’s stock.

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.