Shellback Capital LP Reduces Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Shellback Capital LP decreased its position in Winnebago Industries, Inc. (NYSE:WGO) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,658 shares of the construction company’s stock after selling 2,600 shares during the quarter. Shellback Capital LP owned approximately 0.28% of Winnebago Industries worth $4,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WGO. Innealta Capital LLC bought a new stake in shares of Winnebago Industries in the second quarter worth about $45,000. EntryPoint Capital LLC bought a new stake in shares of Winnebago Industries in the 1st quarter worth approximately $75,000. nVerses Capital LLC purchased a new position in shares of Winnebago Industries during the second quarter valued at approximately $76,000. TFO Wealth Partners LLC raised its holdings in shares of 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 valued at $147,000 after acquiring an additional 2,006 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Winnebago Industries in the second quarter worth $110,000.

Wall Street Analyst Weigh In

WGO has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Roth Mkm decreased their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, June 21st. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Friday. Citigroup upped 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. Finally, Robert W. Baird decreased their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Insider Buying and Selling

In other news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the transaction, the senior vice president now owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.75% of the stock is owned by company insiders.

Winnebago Industries Stock Up 1.3 %

Shares of Winnebago Industries stock opened at $57.57 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The company has a 50-day moving average of $57.98 and a 200 day moving average of $60.24. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 22.23 and a beta of 1.62. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.36%. 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%.

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.