Empower Advisory Group LLC Takes $576,000 Position in Winnebago Industries, Inc. (NYSE:WGO)

Empower Advisory Group LLC bought a new position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 12,045 shares of the construction company's stock, valued at approximately $576,000.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its stake 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 in the last quarter. R Squared Ltd purchased a new position in Winnebago Industries in the 4th quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale raised its holdings in Winnebago Industries by 196.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company's stock valued at $86,000 after acquiring an additional 989 shares during the period. KBC Group NV grew its position 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 valued at $72,000 after purchasing an additional 587 shares in the last quarter. Finally, Systematic Financial Management LP bought a new position in Winnebago Industries in the 3rd quarter worth about $152,000.

Winnebago Industries Trading Down 1.9 %

Shares of WGO stock traded down $0.81 during mid-day trading on Friday, reaching $41.42. The stock had a trading volume of 234,838 shares, compared to its average volume of 674,738. The stock's 50-day moving average price is $47.64 and its two-hundred day moving average price is $54.37. Winnebago Industries, Inc. has a 52-week low of $41.30 and a 52-week high of $74.10. The firm has a market capitalization of $1.18 billion, a PE ratio of -62.58 and a beta of 1.62. 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 released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share (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 firm had revenue of $625.60 million during the quarter, compared to analysts' expectations of $672.23 million. During the same quarter in the previous year, the firm posted $1.06 EPS. Winnebago Industries's revenue was down 18.0% compared to the same quarter last year. Equities analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share 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 paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries's payout ratio is -206.06%.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.63% of the company's stock.

Analyst Upgrades and Downgrades

WGO has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Truist Financial raised 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. DA Davidson lowered their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 24th. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Finally, KeyCorp upgraded shares of Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 price objective on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Winnebago Industries has an average rating of "Moderate Buy" and an average target price of $65.00.

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.