State of Alaska Department of Revenue Purchases 947 Shares of Winnebago Industries, Inc. $WGO

State of Alaska Department of Revenue raised its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 6.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,682 shares of the RV manufacturer’s stock after buying an additional 947 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Winnebago Industries worth $483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in Winnebago Industries by 11.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 698,647 shares of the RV manufacturer’s stock valued at $24,075,000 after buying an additional 73,099 shares during the period. Millennium Management LLC raised its stake in Winnebago Industries by 1.6% in the first quarter. Millennium Management LLC now owns 580,256 shares of the RV manufacturer’s stock valued at $19,996,000 after buying an additional 8,922 shares during the period. Zweig DiMenna Associates LLC bought a new stake in Winnebago Industries in the first quarter valued at approximately $6,260,000. Principal Financial Group Inc. raised its stake in Winnebago Industries by 1.0% in the first quarter. Principal Financial Group Inc. now owns 167,320 shares of the RV manufacturer’s stock valued at $5,766,000 after buying an additional 1,640 shares during the period. Finally, NFJ Investment Group LLC raised its stake in Winnebago Industries by 196.0% in the first quarter. NFJ Investment Group LLC now owns 164,188 shares of the RV manufacturer’s stock valued at $5,658,000 after buying an additional 108,715 shares during the period.

Analyst Ratings Changes

Several research firms have issued reports on WGO. Roth Capital dropped their price objective on Winnebago Industries from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, June 26th. Citigroup upped their price objective on Winnebago Industries from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Winnebago Industries in a research report on Wednesday. Truist Financial decreased their target price on Winnebago Industries from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Finally, KeyCorp decreased their target price on Winnebago Industries from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, June 26th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.78.

Winnebago Industries Trading Up 0.2%

Shares of NYSE:WGO opened at $32.18 on Thursday. The company has a market capitalization of $902.01 million, a P/E ratio of -54.54 and a beta of 1.14. Winnebago Industries, Inc. has a 1 year low of $28.00 and a 1 year high of $65.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. The business’s 50 day simple moving average is $33.77 and its 200 day simple moving average is $32.96.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a dividend of $0.35 per share. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Wednesday, September 10th. Winnebago Industries’s dividend payout ratio (DPR) is currently -237.29%.

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.