Winnebago Industries, Inc. (NYSE:WGO – Get Free Report) SVP Stacy Bogart sold 14,146 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $33.73, for a total value of $477,144.58. Following the completion of the sale, the senior vice president directly owned 69,821 shares of the company’s stock, valued at $2,355,062.33. This represents a 16.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Winnebago Industries Stock Down 5.6%
Shares of WGO traded down $1.85 during trading hours on Friday, hitting $31.32. 563,725 shares of the company were exchanged, compared to its average volume of 674,960. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.04 and a current ratio of 2.17. The company has a market cap of $891.90 million, a PE ratio of 25.89 and a beta of 1.21. The firm’s 50 day moving average is $27.58 and its 200-day moving average is $32.54. Winnebago Industries, Inc. has a 52 week low of $21.95 and a 52 week high of $50.16.
Winnebago Industries (NYSE:WGO – Get Free Report) last issued its quarterly earnings data on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share for the quarter. Winnebago Industries had a return on equity of 4.16% and a net margin of 1.28%. On average, equities research analysts forecast that Winnebago Industries, Inc. will post 1.94 EPS for the current fiscal year.
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 issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.6%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, September 9th. Winnebago Industries’s dividend payout ratio is 119.01%.
Institutional Trading of Winnebago Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC bought a new position in Winnebago Industries in the 3rd quarter worth approximately $40,000. Penn Capital Management Company LLC boosted its position in shares of Winnebago Industries by 133.1% in the third quarter. Penn Capital Management Company LLC now owns 34,058 shares of the RV manufacturer’s stock valued at $898,000 after acquiring an additional 19,448 shares during the period. Aviance Capital Partners LLC grew its stake in shares of Winnebago Industries by 1.8% in the third quarter. Aviance Capital Partners LLC now owns 28,671 shares of the RV manufacturer’s stock worth $756,000 after acquiring an additional 520 shares during the last quarter. Unison Advisors LLC grew its stake in shares of Winnebago Industries by 2.4% in the third quarter. Unison Advisors LLC now owns 19,877 shares of the RV manufacturer’s stock worth $524,000 after acquiring an additional 459 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. grew its stake in shares of Winnebago Industries by 9,719.1% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 6,677 shares of the RV manufacturer’s stock worth $176,000 after acquiring an additional 6,609 shares during the last quarter.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Citigroup raised their target price on shares of Winnebago Industries from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, October 22nd. Weiss Ratings downgraded shares of Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Seaport Research Partners initiated coverage on shares of Winnebago Industries in a research report on Monday, July 27th. They set a “neutral” rating for the company. Finally, BMO Capital Markets decreased their price target on shares of Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, October 22nd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Winnebago Industries has an average rating of “Hold” and a consensus target price of $35.00.
Read Our Latest Research Report on Winnebago Industries
Winnebago Industries Company Profile
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 outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.
Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.
Founded in 1958, the company is headquartered in Forest City, Iowa.
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