Edgestream Partners L.P. Makes New Investment in Winnebago Industries, Inc. (NYSE:WGO)

Edgestream Partners L.P. bought a new position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 96,316 shares of the construction company's stock, valued at approximately $4,602,000. Edgestream Partners L.P. owned approximately 0.34% of Winnebago Industries as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Prescott Group Capital Management L.L.C. acquired a new position in Winnebago Industries during the fourth quarter worth about $1,433,000. LHM Inc. purchased a new stake in shares of Winnebago Industries during the 4th quarter worth approximately $6,077,000. Raymond James Financial Inc. acquired a new stake in shares of Winnebago Industries in the 4th quarter worth approximately $1,003,000. Aigen Investment Management LP purchased a new position in Winnebago Industries in the 4th quarter valued at approximately $229,000. Finally, Proficio Capital Partners LLC purchased a new stake in Winnebago Industries during the fourth quarter worth $632,000.

Analysts Set New Price Targets

WGO has been the subject of several research reports. DA Davidson cut their price target on Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Tuesday, December 24th. KeyCorp raised Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 price target for the company in a report on Wednesday, January 8th. Benchmark reiterated a "buy" rating and set a $70.00 price objective on shares of Winnebago Industries in a research report on Monday, December 23rd. StockNews.com raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Truist Financial boosted their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $65.00.

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Insider Buying and Selling

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now directly owns 10,985 shares of the company's stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.63% of the company's stock.

Winnebago Industries Trading Up 0.1 %

Shares of WGO traded up $0.05 during mid-day trading on Wednesday, hitting $35.70. The company had a trading volume of 803,152 shares, compared to its average volume of 629,299. Winnebago Industries, Inc. has a 1-year low of $34.12 and a 1-year high of $74.10. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The business's 50-day simple moving average is $44.78 and its 200-day simple moving average is $52.68. The stock has a market cap of $1.01 billion, a PE ratio of -54.08 and a beta of 1.70.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced 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). The company had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm's revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 EPS. Sell-side analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries's dividend payout ratio is currently -206.06%.

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.