GAMMA Investing LLC Increases Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

GAMMA Investing LLC increased its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 222.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 458 shares of the construction company’s stock after buying an additional 316 shares during the period. GAMMA Investing LLC’s holdings in Winnebago Industries were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WGO. Innealta Capital LLC bought a new position in shares of Winnebago Industries in the second quarter valued at approximately $45,000. EntryPoint Capital LLC purchased a new position in shares of Winnebago Industries during the 1st quarter valued at $75,000. nVerses Capital LLC bought a new position in shares of Winnebago Industries in the second quarter worth $76,000. Headlands Technologies LLC purchased a new stake in shares of Winnebago Industries in the second quarter worth $110,000. Finally, Shell Asset Management Co. boosted its stake in Winnebago Industries by 122.5% during the first quarter. Shell Asset Management Co. now owns 3,210 shares of the construction company’s stock valued at $238,000 after buying an additional 1,767 shares during the period.

Analysts Set New Price Targets

WGO has been the subject of a number of research reports. Benchmark assumed coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They issued a “buy” rating and a $75.00 price target for the company. Truist Financial increased their target price on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Citigroup lifted their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Winnebago Industries Trading Up 0.4 %

Shares of WGO stock opened at $60.38 on Friday. The business has a 50-day moving average of $57.93 and a 200 day moving average of $59.07. 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 1-year low of $49.68 and a 1-year high of $75.42. The stock has a market capitalization of $1.75 billion, a PE ratio of 23.31 and a beta of 1.61.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, September 11th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio is 52.51%.

Insider Transactions at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were 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 directly owns 41,315 shares in the company, valued at $2,395,443.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.75% of the company’s stock.

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.