Geode Capital Management LLC Has $38.43 Million Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Geode Capital Management LLC trimmed its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 661,250 shares of the construction company’s stock after selling 7,079 shares during the period. Geode Capital Management LLC owned approximately 2.29% of Winnebago Industries worth $38,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC grew 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 acquiring an additional 316 shares in the last quarter. Sound Income Strategies LLC grew its position in Winnebago Industries by 69.1% during 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 in the last quarter. Innealta Capital LLC acquired a new position in Winnebago Industries in the 2nd quarter valued at approximately $45,000. Quarry LP increased its stake in Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Winnebago Industries in the 2nd quarter worth approximately $76,000.

Insider Activity at Winnebago Industries

In related news, CEO Michael J. Happe acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were bought at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the acquisition, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This trade represents a 0.88 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William C. Fisher bought 2,000 shares of Winnebago Industries stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average price of $54.81 per share, with a total value of $109,620.00. Following the purchase, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by corporate insiders.

Winnebago Industries Stock Down 0.2 %

Shares of Winnebago Industries stock opened at $47.89 on Wednesday. Winnebago Industries, Inc. has a 12-month low of $47.10 and a 12-month high of $74.61. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $57.26 and a two-hundred day moving average price of $57.09. The stock has a market capitalization of $1.38 billion, a P/E ratio of 159.64 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.23). The firm 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%. Winnebago Industries’s quarterly revenue was down 18.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 earnings per share. Equities analysts expect that Winnebago Industries, Inc. will post 3.52 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.84%. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Analyst Upgrades and Downgrades

WGO has been the topic of a number of research reports. Truist Financial dropped their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. DA Davidson dropped their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a research note on Monday. Robert W. Baird lowered their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.63.

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.