Invesco Ltd. Decreases Stake in Winnebago Industries, Inc. (NYSE:WGO)

Invesco Ltd. lowered its stake in Winnebago Industries, Inc. (NYSE:WGO) by 27.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 202,188 shares of the construction company’s stock after selling 74,897 shares during the quarter. Invesco Ltd. owned 0.71% of Winnebago Industries worth $9,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after buying an additional 173,274 shares during the period. LHM Inc. purchased a new stake in shares of Winnebago Industries during the fourth quarter worth about $6,077,000. Edgestream Partners L.P. bought a new stake in shares of Winnebago Industries in the fourth quarter worth about $4,602,000. Norges Bank purchased a new position in Winnebago Industries during the 4th quarter valued at about $2,890,000. Finally, Charles Schwab Investment Management Inc. raised its position in Winnebago Industries by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock valued at $29,889,000 after purchasing an additional 50,634 shares during the last quarter.

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WGO. KeyCorp cut their price objective on Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Thursday. Citigroup dropped 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 report on Wednesday, March 19th. Baird R W cut shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Truist Financial lowered their price objective on shares of Winnebago Industries from $50.00 to $38.00 and set a “buy” rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.89.

Winnebago Industries Price Performance

WGO opened at $31.98 on Thursday. The firm has a market cap of $896.35 million, a PE ratio of -48.46 and a beta of 1.49. The stock has a 50-day moving average price of $35.54 and a 200-day moving average price of $47.14. Winnebago Industries, Inc. has a 1 year low of $28.29 and a 1 year high of $66.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

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

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio is currently -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.