Winnebago Industries, Inc. $WGO Stock: Pzena Investment Management LLC Cuts Position

Pzena Investment Management LLC decreased its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,685,995 shares of the RV manufacturer’s stock after selling 23,536 shares during the period. Pzena Investment Management LLC owned 0.06% of Winnebago Industries worth $44,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WGO. Maple Rock Capital Partners Inc. grew its position in Winnebago Industries by 33.3% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock valued at $48,710,000 after acquiring an additional 389,400 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Winnebago Industries by 181.3% during the second quarter. Squarepoint Ops LLC now owns 113,403 shares of the RV manufacturer’s stock worth $3,543,000 after acquiring an additional 73,084 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Winnebago Industries during the second quarter worth $1,332,000. Jefferies Financial Group Inc. purchased a new stake in shares of Winnebago Industries during the second quarter worth $1,384,000. Finally, Empowered Funds LLC acquired a new stake in shares of Winnebago Industries in the second quarter valued at $4,363,000.

Analyst Ratings Changes

WGO has been the subject of a number of recent research reports. BMO Capital Markets decreased their target price on Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, October 22nd. Citigroup upped their price target on Winnebago Industries from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. Raymond James Financial reaffirmed a “market perform” rating on shares of Winnebago Industries in a research report on Wednesday, October 21st. Wall Street Zen raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, Truist Financial decreased 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. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.00.

Insiders Place Their Bets

In other Winnebago Industries news, CEO Michael J. Happe sold 12,045 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the sale, the chief executive officer directly owned 349,349 shares in the company, valued at $11,416,725.32. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 2,414 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.66, for a total value of $78,841.24. Following the completion of the sale, the senior vice president owned 31,274 shares in the company, valued at approximately $1,021,408.84. This represents a 7.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 15,694 shares of company stock valued at $511,658. Insiders own 4.88% of the company’s stock.

Winnebago Industries Trading Up 7.9%

NYSE WGO opened at $34.06 on Thursday. The company has a quick ratio of 1.04, a current ratio of 2.17 and a debt-to-equity ratio of 0.36. Winnebago Industries, Inc. has a 52 week low of $21.95 and a 52 week high of $50.16. The stock has a market capitalization of $968.55 million, a PE ratio of 28.15 and a beta of 1.21. The firm has a 50 day moving average of $27.53 and a two-hundred day moving average of $32.61.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Tuesday, September 29th. The RV manufacturer reported $0.49 EPS for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. As a group, research analysts expect that Winnebago Industries, Inc. will post 1.94 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were given 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 of this dividend was Wednesday, September 9th. This represents a $1.44 annualized dividend and a dividend yield of 4.2%. Winnebago Industries’s dividend payout ratio is presently 119.01%.

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.