Ameriprise Financial Inc. Cuts Stake in Winnebago Industries, Inc. (NYSE:WGO)

Ameriprise Financial Inc. reduced its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,595 shares of the construction company’s stock after selling 3,596 shares during the period. Ameriprise Financial Inc. owned 0.50% of Winnebago Industries worth $6,765,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Inspire Investing LLC acquired a new position in Winnebago Industries in the fourth quarter valued at $399,000. Prescott Group Capital Management L.L.C. acquired a new position in Winnebago Industries in the fourth quarter valued at $1,433,000. Proficio Capital Partners LLC acquired a new position in Winnebago Industries in the fourth quarter valued at $632,000. Charles Schwab Investment Management Inc. boosted its holdings in Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock valued at $29,889,000 after acquiring an additional 50,634 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Winnebago Industries by 2.2% in the fourth quarter. Rhumbline Advisers now owns 96,821 shares of the construction company’s stock valued at $4,626,000 after acquiring an additional 2,077 shares during the last quarter.

Winnebago Industries Trading Up 0.3%

NYSE:WGO opened at $34.43 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. Winnebago Industries, Inc. has a one year low of $28.29 and a one year high of $65.65. The business’s 50-day simple moving average is $33.39 and its 200 day simple moving average is $43.84. The stock has a market cap of $965.01 million, a price-to-earnings ratio of -52.17 and a beta of 1.12.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $620.20 million for the quarter, compared to analysts’ expectations 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 revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 earnings per share. As a group, sell-side analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.95%. The ex-dividend date is Wednesday, June 11th. Winnebago Industries’s dividend payout ratio is currently -544.00%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. DA Davidson upgraded Winnebago Industries to a “hold” rating in a report on Monday, April 14th. KeyCorp reduced their target price on Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Truist Financial reduced their price objective on Winnebago Industries from $50.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Robert W. Baird cut Winnebago Industries from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $38.00 in a research note on Friday, April 4th. Finally, Citigroup reduced 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. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Winnebago Industries presently has a consensus rating of “Moderate Buy” and an average price target of $51.89.

Insider Activity at Winnebago Industries

In other news, Director Kevin E. Bryant acquired 4,200 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the acquisition, the director now directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.63% of the stock is 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.