Winnebago Industries, Inc. (NYSE:WGO – Get Free Report) shares were up 6.8% during trading on Thursday. The stock traded as high as $23.86 and last traded at $24.6550. Approximately 16,676 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 643,063 shares. The stock had previously closed at $23.09.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Zacks Research raised Winnebago Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Benchmark dropped their price target on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Citigroup cut their price target on Winnebago Industries from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial reduced their price objective on Winnebago Industries from $43.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Finally, Wall Street Zen upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.67.
View Our Latest Research Report on WGO
Winnebago Industries Trading Up 7.9%
Winnebago Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were paid a dividend of $0.36 per share. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, September 9th. This represents a $1.44 dividend on an annualized basis and a yield of 5.8%. Winnebago Industries’s dividend payout ratio (DPR) is presently 105.88%.
Insider Buying and Selling
In other news, SVP Bret A. Woodson sold 1,235 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total value of $39,186.55. Following the completion of the sale, the senior vice president owned 31,373 shares in the company, valued at $995,465.29. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael J. Happe sold 12,045 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the sale, the chief executive officer owned 349,349 shares of the company’s stock, valued at approximately $11,416,725.32. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,694 shares of company stock valued at $511,658 over the last three months. Corporate insiders own 4.88% of the company’s stock.
Institutional Investors Weigh In On Winnebago Industries
Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Winnebago Industries by 145.2% during the third quarter. GAMMA Investing LLC now owns 954 shares of the RV manufacturer’s stock worth $25,000 after buying an additional 565 shares during the last quarter. Versant Capital Management Inc lifted its stake in Winnebago Industries by 365.6% in the third quarter. Versant Capital Management Inc now owns 1,313 shares of the RV manufacturer’s stock valued at $35,000 after purchasing an additional 1,031 shares during the last quarter. Allworth Financial LP purchased a new position in Winnebago Industries in the second quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Winnebago Industries by 196.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,366 shares of the RV manufacturer’s stock worth $74,000 after acquiring an additional 1,567 shares during the period. Finally, Money Concepts Capital Corp boosted its position in Winnebago Industries by 6.6% during the first quarter. Money Concepts Capital Corp now owns 35,588 shares of the RV manufacturer’s stock worth $1,103,000 after purchasing an additional 2,214 shares during the period.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.
Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.
Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.
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