Insider Selling: Winnebago Industries, Inc. (NYSE:WGO) SVP Sells 12,187 Shares of Stock

Winnebago Industries, Inc. (NYSE:WGO) 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 transaction, the senior vice president now owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Winnebago Industries Trading Up 1.9 %

Shares of WGO traded up $1.07 during midday trading on Friday, hitting $57.11. The stock had a trading volume of 653,050 shares, compared to its average volume of 581,587. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42. The firm has a market cap of $1.65 billion, a PE ratio of 186.81 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The stock’s 50 day moving average is $57.68 and its 200 day moving average is $58.35.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm had revenue of $720.90 million during the quarter, compared to analysts’ expectations of $718.72 million. During the same period in the prior year, the company posted $1.59 EPS. The company’s revenue was down 6.5% compared to the same quarter last year. As a group, analysts forecast that Winnebago Industries, Inc. will post 3.67 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were issued a $0.34 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.38%. Winnebago Industries’s dividend payout ratio is presently 453.35%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WGO. 1832 Asset Management L.P. grew its holdings in shares of Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after purchasing an additional 832,187 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after buying an additional 463,257 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Winnebago Industries by 1,772.8% in the 2nd quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after buying an additional 199,264 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Winnebago Industries in the 2nd quarter valued at about $9,708,000. Finally, Marshall Wace LLP bought a new stake in shares of Winnebago Industries in the 2nd quarter valued at about $7,976,000.

Analysts Set New Price Targets

WGO has been the topic of several research analyst reports. Benchmark lowered their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Robert W. Baird lowered their target price on shares of 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 lowered their target price on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Citigroup upped their price target on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.14.

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.