Creative Planning Acquires 1,760 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Creative Planning boosted its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 21.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,880 shares of the construction company’s stock after buying an additional 1,760 shares during the period. Creative Planning’s holdings in Winnebago Industries were worth $574,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. GAMMA Investing LLC raised its stake in Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after purchasing an additional 316 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after buying an additional 286 shares during the period. Innealta Capital LLC acquired a new stake in Winnebago Industries during the second quarter worth about $45,000. EntryPoint Capital LLC bought a new position in Winnebago Industries during the first quarter valued at about $75,000. Finally, nVerses Capital LLC acquired a new position in Winnebago Industries in the 2nd quarter valued at approximately $76,000.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock opened at $56.21 on Tuesday. The firm has a fifty day moving average of $57.59 and a two-hundred day moving average of $58.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 187.37 and a beta of 1.60. Winnebago Industries, Inc. has a 52 week low of $49.68 and a 52 week high of $75.42.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. During the same quarter in the previous year, the firm posted $1.59 earnings per share. Winnebago Industries’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Winnebago Industries, Inc. will post 3.67 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.36 dividend on an annualized basis and a yield of 2.42%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio is 453.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WGO shares. Benchmark cut their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Robert W. Baird dropped their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Citigroup lifted their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Truist Financial dropped their target price on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries presently has a consensus rating of “Moderate Buy” and an average price target of $67.14.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, Director William C. Fisher acquired 2,000 shares of Winnebago Industries stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the purchase, the director now directly owns 32,267 shares in the company, valued at approximately $1,768,554.27. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director William C. Fisher acquired 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were bought at an average cost of $54.81 per share, with a total value of $109,620.00. Following the completion of the transaction, the director now directly owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Happe bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the transaction, the chief executive officer now directly owns 285,953 shares of the company’s stock, valued at $15,876,110.56. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 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.