EMC Capital Management Trims Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

EMC Capital Management lessened its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 72.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,057 shares of the construction company's stock after selling 13,213 shares during the period. EMC Capital Management's holdings in Winnebago Industries were worth $242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position 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 valued at $27,000 after buying an additional 316 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company's stock valued at $41,000 after purchasing an additional 286 shares in the last quarter. R Squared Ltd purchased a new position in Winnebago Industries during the fourth quarter valued at approximately $43,000. Quarry LP boosted its position in shares of Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company's stock worth $50,000 after purchasing an additional 848 shares during the period. Finally, KBC Group NV increased its stake in shares of Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company's stock worth $72,000 after purchasing an additional 587 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WGO shares. DA Davidson lowered their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 24th. Truist Financial dropped their price objective on Winnebago Industries from $64.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets decreased their target price on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. KeyCorp upgraded Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 price target for the company in a research note on Wednesday, January 8th. Finally, Benchmark reissued a "buy" rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Winnebago Industries has a consensus rating of "Moderate Buy" and a consensus target price of $64.78.

Winnebago Industries Price Performance

WGO stock traded down $0.51 during trading on Monday, hitting $47.29. 101,113 shares of the company's stock traded hands, compared to its average volume of 733,471. Winnebago Industries, Inc. has a 52 week low of $45.44 and a 52 week high of $74.10. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -71.60 and a beta of 1.62. The business has a fifty day simple moving average of $51.28 and a 200 day simple moving average of $55.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same period in the previous year, the business posted $1.06 EPS. The firm's revenue was down 18.0% on a year-over-year basis. As a group, research analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.88%. The ex-dividend date 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.