Invesco Ltd. Sells 74,897 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Invesco Ltd. lessened its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202,188 shares of the construction company's stock after selling 74,897 shares during the period. Invesco Ltd. owned 0.71% of Winnebago Industries worth $9,661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Winnebago Industries by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock valued at $104,250,000 after acquiring an additional 48,517 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock worth $49,714,000 after buying an additional 173,274 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Winnebago Industries by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock valued at $29,889,000 after buying an additional 50,634 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Winnebago Industries by 2.1% in the 4th quarter. William Blair Investment Management LLC now owns 494,151 shares of the construction company's stock valued at $23,611,000 after buying an additional 10,202 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Winnebago Industries by 4.9% during the fourth quarter. Principal Financial Group Inc. now owns 165,680 shares of the construction company's stock worth $7,916,000 after acquiring an additional 7,689 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently commented on WGO. Citigroup reduced their target price on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. Truist Financial decreased their target price on Winnebago Industries from $50.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, April 14th. KeyCorp dropped their price target on Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Robert W. Baird downgraded shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $50.00 to $38.00 in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Winnebago Industries has an average rating of "Hold" and an average price target of $51.89.

Winnebago Industries Stock Down 0.4 %

Shares of WGO stock traded down $0.14 during midday trading on Friday, reaching $32.72. 396,459 shares of the stock were exchanged, compared to its average volume of 698,470. The company's 50 day moving average is $35.06 and its two-hundred day moving average is $46.74. 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 firm has a market cap of $916.98 million, a PE ratio of -49.58 and a beta of 1.49. Winnebago Industries, Inc. has a 1 year low of $28.29 and a 1 year high of $66.05.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued 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. The firm had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business's revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. On average, equities research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 annualized dividend and a yield of 4.16%. Winnebago Industries's payout ratio is -544.00%.

Insider Buying and Selling at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the firm's stock in a transaction on 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 in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kevin E. Bryant acquired 4,200 shares of the stock in a transaction dated 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 purchase, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. This trade represents a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company's stock.

Winnebago Industries Company 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.