Louisiana State Employees Retirement System Lowers Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Louisiana State Employees Retirement System lowered its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,000 shares of the construction company’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Winnebago Industries were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. ProShare Advisors LLC raised its holdings in shares of Winnebago Industries by 5.0% during the first quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company’s stock valued at $425,000 after acquiring an additional 274 shares during the last quarter. Sound Income Strategies LLC increased its holdings 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 purchasing an additional 286 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Winnebago Industries by 5.0% in the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock valued at $333,000 after purchasing an additional 294 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Winnebago Industries by 222.5% in the third 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. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Winnebago Industries by 1.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 21,988 shares of the construction company’s stock valued at $1,192,000 after purchasing an additional 350 shares during the last quarter.

Winnebago Industries Trading Down 1.6 %

WGO opened at $56.21 on Tuesday. Winnebago Industries, Inc. has a 52 week low of $49.68 and a 52 week high of $75.42. The business has a fifty day simple moving average of $57.59 and a 200-day simple moving average of $58.25. The firm has a market cap of $1.63 billion, a P/E ratio of 187.37 and a beta of 1.60. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). The company had revenue of $720.90 million during the quarter, compared to analysts’ expectations of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.59 earnings per share. On average, equities analysts expect that Winnebago Industries, Inc. will post 3.67 earnings per share for the current year.

Winnebago Industries Increases Dividend

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

Insider Buying and Selling at Winnebago Industries

In other news, Director William C. Fisher bought 2,000 shares of Winnebago Industries stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of $54.81 per share, with a total value of $109,620.00. Following the acquisition, the director now owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the sale, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William C. Fisher acquired 2,000 shares of Winnebago Industries stock in a transaction on 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 purchase, the director now owns 32,267 shares in the company, valued at $1,768,554.27. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.75% of the stock is owned by insiders.

Analyst Ratings Changes

WGO has been the subject of several recent research reports. BMO Capital Markets cut their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Citigroup increased their price objective on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Truist Financial lowered their price objective on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Robert W. Baird lowered their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Benchmark lowered their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. 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’s stock. According to data from MarketBeat, Winnebago Industries presently has an average rating of “Moderate Buy” and a consensus target price of $67.14.

Winnebago Industries 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.