11,885 Shares in Winnebago Industries, Inc. (NYSE:WGO) Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in Winnebago Industries, Inc. (NYSE:WGO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,885 shares of the construction company’s stock, valued at approximately $570,000.

A number of other hedge funds have also recently made changes to their positions in WGO. Smartleaf Asset Management LLC raised its holdings in 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 buying an additional 390 shares during the last quarter. R Squared Ltd acquired a new position in Winnebago Industries in the 4th quarter valued at approximately $43,000. Sterling Capital Management LLC raised its stake in shares of Winnebago Industries by 823.5% during the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after acquiring an additional 807 shares during the last quarter. KBC Group NV lifted its holdings 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 worth $72,000 after purchasing an additional 587 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of Winnebago Industries by 129.0% in the fourth quarter. Headlands Technologies LLC now owns 2,029 shares of the construction company’s stock worth $97,000 after purchasing an additional 1,143 shares during the last quarter.

Insider Buying and Selling at Winnebago Industries

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

Wall Street Analyst Weigh In

Several research analysts have commented on WGO shares. Baird R W downgraded Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Citigroup cut their price objective on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. KeyCorp decreased their target price on shares of Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. DA Davidson upgraded shares of Winnebago Industries to a “hold” rating in a research report on Monday, April 14th. Finally, BMO Capital Markets decreased their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.89.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $32.32 on Wednesday. The firm has a market capitalization of $905.71 million, a P/E ratio of -48.97 and a beta of 1.12. The firm’s 50-day moving average price is $33.69 and its 200-day moving average price is $45.45. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries, Inc. has a 1-year low of $28.29 and a 1-year high of $66.05.

Winnebago Industries (NYSE:WGO) last announced its quarterly 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. The business had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. Equities research analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.36 annualized dividend and a yield of 4.21%. Winnebago Industries’s payout ratio is -544.00%.

About Winnebago Industries

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.