Harbor Capital Advisors Inc. Increases Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Harbor Capital Advisors Inc. raised its stake in Winnebago Industries, Inc. (NYSE:WGO) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,638 shares of the construction company’s stock after purchasing an additional 1,417 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Winnebago Industries were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after acquiring an additional 463,257 shares during the period. Millennium Management LLC boosted its stake in shares of Winnebago Industries by 1,772.8% in the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after purchasing an additional 199,264 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Winnebago Industries in the second quarter valued at $9,708,000. JPMorgan Chase & Co. grew its holdings in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after purchasing an additional 173,274 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Winnebago Industries by 1,242.6% during the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after buying an additional 168,055 shares during the period.

Insiders Place Their Bets

In other news, Director William C. Fisher purchased 2,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director now owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. The trade was a 6.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Happe acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WGO shares. Truist Financial lowered their target price on Winnebago Industries from $64.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets lowered their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 8th. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, DA Davidson cut their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Winnebago Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.78.

Winnebago Industries Stock Up 1.8 %

Shares of NYSE:WGO opened at $47.52 on Wednesday. The company’s fifty day moving average is $54.75 and its two-hundred day moving average is $56.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. Winnebago Industries, Inc. has a 1-year low of $45.44 and a 1-year high of $74.10. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 158.41 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last issued its earnings results 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 business had revenue of $625.60 million during 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%. The business’s revenue was down 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 EPS. Equities analysts anticipate that Winnebago Industries, Inc. will post 3.52 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.86%. Winnebago Industries’s payout ratio is currently -206.06%.

About Winnebago Industries

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.