SG Americas Securities LLC Invests $1.05 Million in Winnebago Industries, Inc. (NYSE:WGO)

SG Americas Securities LLC acquired a new position in Winnebago Industries, Inc. (NYSE:WGO) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 30,578 shares of the construction company’s stock, valued at approximately $1,054,000. SG Americas Securities LLC owned approximately 0.11% of Winnebago Industries at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in Winnebago Industries by 36,000.0% in the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company’s stock worth $25,000 after purchasing an additional 720 shares during the period. Signal Advisors Wealth LLC raised its position in shares of Winnebago Industries by 3.3% during the 1st quarter. Signal Advisors Wealth LLC now owns 20,356 shares of the construction company’s stock worth $702,000 after buying an additional 643 shares in the last quarter. Cascade Investment Advisors Inc. raised its position in shares of Winnebago Industries by 6.1% during the 1st quarter. Cascade Investment Advisors Inc. now owns 24,287 shares of the construction company’s stock worth $837,000 after buying an additional 1,389 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock worth $28,000 after acquiring an additional 711 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Winnebago Industries by 9,187.9% in the first quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company’s stock valued at $819,000 after acquiring an additional 23,521 shares in the last quarter.

Winnebago Industries Stock Down 1.7%

Shares of Winnebago Industries stock opened at $31.49 on Wednesday. Winnebago Industries, Inc. has a 1 year low of $28.29 and a 1 year high of $65.65. The company has a market cap of $882.21 million, a P/E ratio of -125.93 and a beta of 1.07. The company has a current ratio of 2.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $33.20 and a 200 day moving average price of $40.39.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a positive return on equity of 3.73% and a negative net margin of 0.21%. The firm’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 EPS. As a group, analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

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 dividend of $0.34 per share. The ex-dividend date is Wednesday, June 11th. This represents a $1.36 annualized dividend and a dividend yield of 4.32%. Winnebago Industries’s dividend payout ratio is -544.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on WGO. Truist Financial lifted their price target on Winnebago Industries from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Benchmark lowered their target price on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Baird R W downgraded shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Citigroup raised their price objective on shares of Winnebago Industries from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Finally, DA Davidson upgraded shares of Winnebago Industries to a “hold” rating in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.11.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant acquired 4,200 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the transaction, the director now owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.63% of the company’s stock.

Winnebago Industries 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.