JPMorgan Chase & Co. Grows Holdings in Winnebago Industries, Inc. (NYSE:WGO)

JPMorgan Chase & Co. raised its holdings in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 25.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 855,507 shares of the construction company's stock after acquiring an additional 173,274 shares during the period. JPMorgan Chase & Co. owned approximately 3.01% of Winnebago Industries worth $49,714,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Sanctuary Advisors LLC raised its stake in Winnebago Industries by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company's stock valued at $416,000 after purchasing an additional 245 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company's stock worth $41,000 after buying an additional 286 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Winnebago Industries by 5.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company's stock valued at $333,000 after buying an additional 294 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 316 shares during the last quarter. Finally, Lakewood Asset Management LLC grew its position in Winnebago Industries by 7.1% in the third quarter. Lakewood Asset Management LLC now owns 5,378 shares of the construction company's stock worth $313,000 after acquiring an additional 355 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WGO shares. StockNews.com lowered Winnebago Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. Benchmark restated a "buy" rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Robert W. Baird reduced their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Finally, Truist Financial cut their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $66.63.

Insider Transactions at Winnebago Industries

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

Winnebago Industries Trading Up 3.4 %

Shares of NYSE WGO traded up $1.66 during mid-day trading on Friday, hitting $49.81. The stock had a trading volume of 1,066,952 shares, compared to its average volume of 1,069,876. The business has a 50 day moving average price of $55.81 and a two-hundred day moving average price of $56.56. Winnebago Industries, Inc. has a 1 year low of $45.44 and a 1 year high of $74.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The firm has a market cap of $1.41 billion, a P/E ratio of 166.04 and a beta of 1.62.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). The firm had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The business's revenue was down 18.0% on a year-over-year basis. During the same period last year, the company posted $1.06 earnings per share. On average, equities analysts anticipate that Winnebago Industries, Inc. will post 3.52 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries's dividend payout ratio (DPR) is currently -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.