Burney Co. Decreases Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Burney Co. reduced its position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 79.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,299 shares of the construction company's stock after selling 25,074 shares during the period. Burney Co.'s holdings in Winnebago Industries were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company's stock worth $27,000 after buying an additional 316 shares during the period. Sound Income Strategies LLC raised its position in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company's stock worth $41,000 after acquiring an additional 286 shares during the period. Quarry LP lifted its holdings in Winnebago Industries by 4,038.1% during the third quarter. Quarry LP now owns 869 shares of the construction company's stock valued at $50,000 after purchasing an additional 848 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Winnebago Industries by 196.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company's stock valued at $86,000 after purchasing an additional 989 shares during the period. Finally, Systematic Financial Management LP purchased a new position in Winnebago Industries in the 3rd quarter valued at about $152,000.

Insider Buying and Selling

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the transaction, the senior vice president now owns 23,728 shares in the company, valued at $1,343,953.92. The trade was a 33.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William C. Fisher acquired 2,000 shares of Winnebago Industries stock in a transaction dated Monday, October 28th. The stock was bought at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the purchase, the director now owns 32,267 shares of the company's stock, valued at approximately $1,768,554.27. This represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on WGO. DA Davidson dropped their price target on Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, December 24th. Robert W. Baird reduced their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. StockNews.com lowered shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Benchmark reissued a "buy" rating and issued a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. Finally, KeyCorp upgraded Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 target price on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.78.

Winnebago Industries Stock Down 2.5 %

WGO traded down $1.22 during trading hours on Friday, reaching $47.73. The company's stock had a trading volume of 1,160,826 shares, compared to its average volume of 873,967. Winnebago Industries, Inc. has a fifty-two week low of $45.44 and a fifty-two week high of $74.10. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The business's 50-day moving average is $53.76 and its 200-day moving average is $56.15.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $625.60 million for the quarter, compared to analysts' expectations of $672.23 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The business's revenue for the quarter was down 18.0% compared to the same quarter last year. On average, research analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.85%. Winnebago Industries's dividend payout ratio is presently -206.06%.

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.