Winnebago Industries, Inc. (NYSE:WGO) Position Lifted by IFG Advisory LLC

IFG Advisory LLC raised its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 68.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,789 shares of the construction company’s stock after acquiring an additional 26,669 shares during the quarter. IFG Advisory LLC’s holdings in Winnebago Industries were worth $4,795,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WGO. Vanguard Group Inc. lifted its position in shares of Winnebago Industries by 13.7% in the 1st quarter. Vanguard Group Inc. now owns 2,807,506 shares of the construction company’s stock worth $151,689,000 after buying an additional 338,099 shares during the last quarter. Norges Bank bought a new position in shares of Winnebago Industries in the 4th quarter worth about $15,536,000. Pacer Advisors Inc. lifted its position in shares of Winnebago Industries by 44.7% in the 4th quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock worth $49,212,000 after buying an additional 208,452 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Winnebago Industries in the 2nd quarter worth about $8,367,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Winnebago Industries by 8.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,587,674 shares of the construction company’s stock worth $105,882,000 after buying an additional 127,851 shares during the last quarter.

Analyst Ratings Changes

WGO has been the topic of several recent research reports. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. DA Davidson lifted their price objective on shares of Winnebago Industries from $64.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday. Roth Mkm reiterated a “neutral” rating and issued a $70.00 price objective on shares of Winnebago Industries in a research report on Thursday, March 21st. Finally, Truist Financial cut their price objective on shares of Winnebago Industries from $74.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, December 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Winnebago Industries currently has an average rating of “Hold” and an average price target of $71.80.

Winnebago Industries Stock Up 2.1 %

Winnebago Industries stock opened at $72.27 on Thursday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 21.64 and a beta of 1.71. The company has a current ratio of 2.84, a quick ratio of 1.52 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $67.77 and its two-hundred day moving average price is $65.54. Winnebago Industries, Inc. has a 52 week low of $54.70 and a 52 week high of $75.42.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, March 21st. The construction company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $703.60 million for the quarter, compared to analysts’ expectations of $692.63 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. On average, analysts expect that Winnebago Industries, Inc. will post 5.36 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.24 annualized dividend and a yield of 1.72%. Winnebago Industries’s payout ratio is 37.13%.

Insider Buying and Selling at Winnebago Industries

In other news, SVP Christopher David West sold 13,564 shares of Winnebago Industries stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $69.08, for a total value of $937,001.12. Following the transaction, the senior vice president now owns 26,309 shares of the company’s stock, valued at approximately $1,817,425.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.75% of the stock is owned by corporate insiders.

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.