Winnebago Industries Sees Unusually Large Options Volume (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) was the target of some unusual options trading on Friday. Investors purchased 2,321 put options on the company. This represents an increase of 139% compared to the average volume of 970 put options.

Insider Activity

In other news, insider Donald Jeff Clark sold 294,829 shares of Winnebago Industries stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $67.89, for a total value of $20,015,940.81. Following the transaction, the insider now directly owns 468,997 shares in the company, valued at approximately $31,840,206.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.92% of the company’s stock.

Institutional Trading of Winnebago Industries

Several large investors have recently added to or reduced their stakes in WGO. State of Wyoming purchased a new stake in shares of Winnebago Industries in the fourth quarter worth about $26,000. Advisors Asset Management Inc. boosted its stake in shares of Winnebago Industries by 71.8% in the first quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after buying an additional 260 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Winnebago Industries in the fourth quarter worth about $48,000. Federated Hermes Inc. boosted its stake in shares of Winnebago Industries by 134,200.0% in the first quarter. Federated Hermes Inc. now owns 1,343 shares of the construction company’s stock worth $77,000 after buying an additional 1,342 shares during the last quarter. Finally, US Bancorp DE boosted its position in Winnebago Industries by 71.9% during the first quarter. US Bancorp DE now owns 1,365 shares of the construction company’s stock worth $79,000 after purchasing an additional 571 shares in the last quarter.

Winnebago Industries Stock Down 1.2 %

Winnebago Industries stock opened at $61.27 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 2.45. The business’s 50-day simple moving average is $66.17 and its two-hundred day simple moving average is $61.92. The company has a market cap of $1.85 billion, a PE ratio of 8.09 and a beta of 1.70. Winnebago Industries has a fifty-two week low of $50.82 and a fifty-two week high of $70.53.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, June 21st. The construction company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.35. The business had revenue of $900.80 million for the quarter, compared to the consensus estimate of $977.15 million. Winnebago Industries had a return on equity of 23.45% and a net margin of 6.53%. The company’s quarterly revenue was down 38.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.13 EPS. Equities analysts anticipate that Winnebago Industries will post 7.53 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, September 12th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.27. Winnebago Industries’s payout ratio is presently 14.27%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. DA Davidson lifted their price target on Winnebago Industries from $57.00 to $59.00 in a report on Friday, June 23rd. Truist Financial boosted their target price on Winnebago Industries from $72.00 to $75.00 in a research note on Thursday, June 22nd. Finally, StockNews.com initiated coverage on Winnebago Industries in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $68.75.

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 in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.