Intech Investment Management LLC Buys Shares of 6,245 Winnebago Industries, Inc. (NYSE:WGO)

Intech Investment Management LLC purchased a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,245 shares of the construction company’s stock, valued at approximately $338,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Winnebago Industries in the 4th quarter worth approximately $13,809,000. Stifel Financial Corp boosted its stake in Winnebago Industries by 22.4% during the fourth quarter. Stifel Financial Corp now owns 85,629 shares of the construction company’s stock valued at $6,242,000 after buying an additional 15,657 shares during the period. TFO Wealth Partners LLC grew its position in Winnebago Industries by 33,433.3% during the fourth quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after buying an additional 2,006 shares in the last quarter. CWA Asset Management Group LLC bought a new position in Winnebago Industries in the 4th quarter worth about $4,190,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Winnebago Industries by 10.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock valued at $121,044,000 after acquiring an additional 161,987 shares in the last quarter.

Winnebago Industries Stock Performance

Winnebago Industries stock opened at $58.25 on Friday. The firm has a fifty day simple moving average of $58.01 and a two-hundred day simple moving average of $60.19. Winnebago Industries, Inc. has a twelve month low of $49.68 and a twelve month high of $75.42. The company has a market capitalization of $1.69 billion, a PE ratio of 22.49 and a beta of 1.62. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.33%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, September 11th. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Benchmark initiated coverage on Winnebago Industries in a report on Thursday, July 18th. They set a “buy” rating and a $75.00 price objective for the company. Truist Financial increased their price target on shares of Winnebago Industries from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Citigroup lifted their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, July 12th. BMO Capital Markets reduced their target price on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Finally, Roth Mkm dropped their price target on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.00.

Insiders Place Their Bets

In other news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now owns 41,315 shares in the company, valued at $2,395,443.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.75% of the company’s stock.

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.