LPL Financial LLC Acquires 1,038 Shares of Winnebago Industries, Inc. (NYSE:WGO)

LPL Financial LLC increased its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,733 shares of the construction company’s stock after purchasing an additional 1,038 shares during the period. LPL Financial LLC owned 0.06% of Winnebago Industries worth $847,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after acquiring an additional 390 shares during the period. R Squared Ltd bought a new position in Winnebago Industries in the fourth quarter worth about $43,000. KBC Group NV lifted its position in shares of Winnebago Industries by 64.5% during the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after buying an additional 587 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Winnebago Industries in the 4th quarter valued at about $216,000. Finally, Aigen Investment Management LP purchased a new position in shares of Winnebago Industries in the 4th quarter worth approximately $229,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WGO shares. DA Davidson upgraded shares of Winnebago Industries to a “hold” rating in a research note on Monday, April 14th. BMO Capital Markets dropped their target price on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Truist Financial reduced their target price on Winnebago Industries from $50.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. KeyCorp lowered their price target on Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Baird R W downgraded shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.89.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $31.10 on Tuesday. Winnebago Industries, Inc. has a 52 week low of $28.29 and a 52 week high of $66.05. 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 cap of $871.58 million, a P/E ratio of -47.12 and a beta of 1.49. The business’s 50 day moving average price is $36.05 and its 200 day moving average price is $47.35.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, sell-side analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.37%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio is currently -544.00%.

Insider Buying and Selling at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now directly owns 10,985 shares of the company’s stock, valued at $486,855.20. This represents a 12.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin E. Bryant purchased 4,200 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average price of $34.12 per share, with a total value of $143,304.00. Following the purchase, the director now owns 13,755 shares in the company, valued at $469,320.60. This represents a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

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.