Winnebago Industries, Inc. (NYSE:WGO) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 1,930.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,662 shares of the construction company’s stock after purchasing an additional 305,818 shares during the quarter. BNP Paribas Financial Markets’ holdings in Winnebago Industries were worth $15,369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cascade Investment Advisors Inc. increased its position in shares of Winnebago Industries by 1.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock valued at $1,094,000 after acquiring an additional 380 shares during the period. Smartleaf Asset Management LLC grew its stake in Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after purchasing an additional 390 shares during the last quarter. Swiss National Bank increased its holdings in shares of Winnebago Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after purchasing an additional 400 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Winnebago Industries by 9.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock valued at $273,000 after purchasing an additional 506 shares during the period. Finally, KBC Group NV raised its stake in shares of Winnebago Industries by 64.5% in 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 last quarter.

Analyst Upgrades and Downgrades

WGO has been the topic of several research reports. Baird R W downgraded shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. KeyCorp reduced their target price on shares of Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. DA Davidson raised shares of Winnebago Industries to a “hold” rating in a report on Monday, April 14th. Robert W. Baird lowered Winnebago Industries from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $38.00 in a research note on Friday, April 4th. Finally, Truist Financial lowered their target price 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. Five equities research 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 target price of $51.89.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $34.06 on Friday. 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 12-month low of $28.29 and a 12-month high of $66.05. The business’s 50 day moving average is $33.35 and its two-hundred day moving average is $44.97. The company has a market capitalization of $954.53 million, a P/E ratio of -51.61 and a beta of 1.12.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm 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 business’s revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. Analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.99%. Winnebago Industries’s dividend payout ratio is currently -544.00%.

Insider Buying and Selling

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

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.