Burney Co. Sells 25,074 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Burney Co. reduced its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 79.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,299 shares of the construction company’s stock after selling 25,074 shares during the period. Burney Co.’s holdings in Winnebago Industries were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WGO. GAMMA Investing LLC grew its position in shares of 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 in the last quarter. Sound Income Strategies LLC grew its position in shares of Winnebago Industries by 69.1% during the 3rd 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. Quarry LP grew its position in shares of Winnebago Industries by 4,038.1% during the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after purchasing an additional 848 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Winnebago Industries by 196.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after purchasing an additional 989 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in shares of Winnebago Industries during the 3rd quarter valued at $152,000.

Insider Activity

In related news, CEO Michael J. Happe purchased 2,500 shares of Winnebago Industries stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 285,953 shares of the company’s stock, valued at $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William C. Fisher purchased 2,000 shares of Winnebago Industries stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of $54.81 per share, for a total transaction of $109,620.00. Following 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 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

Winnebago Industries Stock Performance

Shares of NYSE:WGO opened at $47.73 on Friday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -72.32 and a beta of 1.62. The company has a 50-day moving average price of $53.76 and a 200-day moving average price of $56.15. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries, Inc. has a 12 month low of $45.44 and a 12 month high of $74.10.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) 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 negative net margin of 0.63% and a positive return on equity of 5.32%. The business’s revenue was down 18.0% on a year-over-year basis. During the same period last year, the company posted $1.06 earnings per share. As a group, equities analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is -206.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. DA Davidson reduced their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Benchmark reiterated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Truist Financial cut their target price on shares of Winnebago Industries from $64.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Finally, Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.78.

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.