Fmr LLC Purchases 1,565 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Fmr LLC lifted its position in Winnebago Industries, Inc. (NYSE:WGO) by 76.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,623 shares of the construction company’s stock after buying an additional 1,565 shares during the period. Fmr LLC’s holdings in Winnebago Industries were worth $211,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP increased its holdings in shares of Winnebago Industries by 94.5% in the third quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock worth $3,736,000 after acquiring an additional 31,242 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Winnebago Industries by 10.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock valued at $33,408,000 after purchasing an additional 54,272 shares during the period. Intech Investment Management LLC increased its stake in Winnebago Industries by 123.5% during the 3rd quarter. Intech Investment Management LLC now owns 13,960 shares of the construction company’s stock worth $811,000 after purchasing an additional 7,715 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in Winnebago Industries by 20.4% during the 3rd quarter. Aviance Capital Partners LLC now owns 22,138 shares of the construction company’s stock worth $1,286,000 after buying an additional 3,751 shares during the period. Finally, Empowered Funds LLC lifted its stake in Winnebago Industries by 5.3% in the third quarter. Empowered Funds LLC now owns 124,191 shares of the construction company’s stock valued at $7,217,000 after buying an additional 6,298 shares in the last quarter.

Insider Activity

In other news, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were 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 owns 23,728 shares in the company, valued at approximately $1,343,953.92. This trade represents a 33.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael J. Happe purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was bought at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the purchase, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. The trade was a 0.88 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Benchmark lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, November 11th. Robert W. Baird cut their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Truist Financial reduced 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. Finally, BMO Capital Markets dropped 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 Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.13.

Winnebago Industries Stock Performance

WGO opened at $49.98 on Friday. The business’s 50-day simple moving average is $57.69 and its 200 day simple moving average is $57.29. Winnebago Industries, Inc. has a 52-week low of $49.68 and a 52-week high of $74.61. 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 firm has a market capitalization of $1.45 billion, a PE ratio of 166.61 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The company had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. During the same quarter in the prior year, the company earned $1.06 EPS. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. As a group, sell-side analysts expect that Winnebago Industries, Inc. will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is currently 453.33%.

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.