Barclays PLC Increases Stake in Winnebago Industries, Inc. (NYSE:WGO)

Barclays PLC raised its holdings in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 494.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 294,703 shares of the construction company's stock after acquiring an additional 245,131 shares during the quarter. Barclays PLC owned approximately 1.04% of Winnebago Industries worth $14,081,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after buying an additional 173,274 shares during the period. Renaissance Technologies LLC boosted its position in Winnebago Industries by 204.8% during the fourth quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company's stock valued at $10,225,000 after acquiring an additional 143,800 shares during the last quarter. LHM Inc. bought a new position in shares of Winnebago Industries in the 4th quarter worth about $6,077,000. Edgestream Partners L.P. bought a new position in shares of Winnebago Industries in the 4th quarter worth about $4,602,000. Finally, Norges Bank acquired a new position in shares of Winnebago Industries in the 4th quarter valued at about $2,890,000.

Insider Buying and Selling

In related news, Director Kevin E. Bryant acquired 4,200 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now owns 13,755 shares of the company's stock, valued at approximately $469,320.60. This represents a 43.96 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the sale, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. This represents a 12.04 % decrease in their position. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Benchmark lowered their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. StockNews.com downgraded shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Thursday. Citigroup reduced their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a report on Monday, April 14th. Finally, KeyCorp decreased their price objective on Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $51.89.

Winnebago Industries Stock Down 1.5 %

Shares of NYSE:WGO traded down $0.50 during mid-day trading on Friday, hitting $32.36. 75,403 shares of the company traded hands, compared to its average volume of 885,938. The stock has a market cap of $906.89 million, a P/E ratio of -49.03 and a beta of 1.49. The stock has a 50-day moving average price of $35.29 and a two-hundred day moving average price of $46.98. Winnebago Industries, Inc. has a 12-month low of $28.28 and a 12-month high of $66.05. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. During the same quarter in the prior year, the business posted $0.93 EPS. The business's revenue was down 11.9% compared to the same quarter last year. On average, equities research analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries's payout ratio is -544.00%.

Winnebago Industries 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.