Dark Forest Capital Management LP Makes New $699,000 Investment in Winnebago Industries, Inc. (NYSE:WGO)

Dark Forest Capital Management LP bought a new position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,623 shares of the construction company's stock, valued at approximately $699,000. Dark Forest Capital Management LP owned 0.05% of Winnebago Industries as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in Winnebago Industries during the fourth quarter worth $570,000. Stifel Financial Corp lifted its position in Winnebago Industries by 10.5% in the 4th quarter. Stifel Financial Corp now owns 98,515 shares of the construction company's stock valued at $4,707,000 after acquiring an additional 9,324 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Winnebago Industries by 5.2% during the 4th quarter. MetLife Investment Management LLC now owns 17,383 shares of the construction company's stock valued at $831,000 after purchasing an additional 855 shares during the last quarter. First Trust Advisors LP increased its holdings in Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock worth $78,540,000 after purchasing an additional 474,273 shares in the last quarter. Finally, Dean Investment Associates LLC lifted its holdings in shares of Winnebago Industries by 11.9% in the fourth quarter. Dean Investment Associates LLC now owns 57,010 shares of the construction company's stock valued at $2,724,000 after purchasing an additional 6,044 shares in the last quarter.

Insider Buying and Selling

In other news, Director Jacqueline D. Woods sold 1,503 shares of the firm'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 sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kevin E. Bryant bought 4,200 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the transaction, the director now directly owns 13,755 shares of the company's stock, valued at $469,320.60. This represents a 43.96 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by insiders.

Winnebago Industries Stock Performance

Shares of WGO traded down $0.69 during trading hours on Monday, hitting $32.05. The company's stock had a trading volume of 419,236 shares, compared to its average volume of 697,353. The company has a market cap of $898.20 million, a price-to-earnings ratio of -48.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The business has a 50 day simple moving average of $35.06 and a two-hundred day simple moving average of $46.67. Winnebago Industries, Inc. has a 52-week low of $28.29 and a 52-week high of $66.05.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. The firm had revenue of $620.20 million during 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 for the quarter was down 11.9% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. On average, equities analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 annualized dividend and a yield of 4.24%. Winnebago Industries's dividend payout ratio is currently -544.00%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WGO. Citigroup dropped their price objective on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Truist Financial reduced their target price on Winnebago Industries from $50.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 14th. Benchmark cut their price objective on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, DA Davidson raised Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Winnebago Industries presently has a consensus rating of "Hold" and an average target price of $51.89.

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.