Winnebago Industries, Inc. (NYSE:WGO) Stock Position Increased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,181,874 shares of the construction company’s stock after buying an additional 48,517 shares during the quarter. Vanguard Group Inc. owned 7.68% of Winnebago Industries worth $104,250,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WGO. Wellington Management Group LLP acquired a new position in shares of Winnebago Industries in the 3rd quarter worth $7,750,000. Vestcor Inc raised its stake in Winnebago Industries by 105.6% during the 3rd quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock valued at $1,000,000 after purchasing an additional 8,837 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after buying an additional 173,274 shares during the period. Inspire Investing LLC acquired a new position in Winnebago Industries during the fourth quarter valued at $399,000. Finally, TT International Asset Management LTD lifted its stake in Winnebago Industries by 641.8% in the 3rd quarter. TT International Asset Management LTD now owns 52,903 shares of the construction company’s stock worth $3,074,000 after acquiring an additional 45,771 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup decreased their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Baird R W cut Winnebago Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. BMO Capital Markets cut their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Robert W. Baird downgraded shares of Winnebago Industries from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $38.00 in a research report on Friday, April 4th. Finally, StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $54.00.

Insider Buying and Selling at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin E. Bryant bought 4,200 shares of the stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the acquisition, the director now owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company’s stock.

Winnebago Industries Trading Up 15.8 %

Shares of WGO opened at $33.44 on Thursday. The stock’s 50-day moving average price is $38.42 and its 200 day moving average price is $48.93. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $937.16 million, a price-to-earnings ratio of -50.67 and a beta of 1.49. Winnebago Industries, Inc. has a 12-month low of $28.29 and a 12-month high of $68.15.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. During the same period last year, the business earned $0.93 earnings per share. Winnebago Industries’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, research analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio is -544.00%.

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.