Exchange Traded Concepts LLC Trims Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Exchange Traded Concepts LLC lowered its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 17.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,207 shares of the construction company’s stock after selling 1,091 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Winnebago Industries were worth $303,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WGO. Capstone Investment Advisors LLC bought a new position in shares of Winnebago Industries in the 1st quarter worth approximately $1,182,000. Bayesian Capital Management LP bought a new position in Winnebago Industries in the first quarter worth $681,000. Duality Advisers LP purchased a new position in Winnebago Industries during the first quarter valued at $1,212,000. 1832 Asset Management L.P. boosted its holdings in shares of Winnebago Industries by 484.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after buying an additional 832,187 shares in the last quarter. Finally, Quest Partners LLC grew its position in shares of Winnebago Industries by 3,334.2% in the 2nd quarter. Quest Partners LLC now owns 17,583 shares of the construction company’s stock worth $953,000 after buying an additional 17,071 shares during the period.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $60.38 on Monday. The firm has a market cap of $1.75 billion, a P/E ratio of 23.31 and a beta of 1.61. Winnebago Industries, Inc. has a twelve month low of $49.68 and a twelve month high of $75.42. 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 company has a 50 day moving average of $57.93 and a 200 day moving average of $59.07.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a $0.34 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.36 annualized dividend and a dividend yield of 2.25%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s payout ratio is currently 52.51%.

Insider Activity

In related news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries 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 completion of the sale, the senior vice president now directly owns 41,315 shares in the company, valued at approximately $2,395,443.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.75% of the company’s stock.

Analysts Set New Price Targets

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

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.