MQS Management LLC Takes $1.03 Million Position in Winnebago Industries, Inc. (NYSE:WGO)

MQS Management LLC acquired a new position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 17,644 shares of the construction company's stock, valued at approximately $1,025,000. Winnebago Industries accounts for 0.6% of MQS Management LLC's holdings, making the stock its 16th largest position. MQS Management LLC owned approximately 0.06% of Winnebago Industries as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WGO. 1832 Asset Management L.P. grew its stake in shares of Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company's stock worth $74,302,000 after purchasing an additional 832,187 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company's stock worth $77,602,000 after purchasing an additional 463,257 shares during the last quarter. Millennium Management LLC grew its stake in shares of Winnebago Industries by 1,772.8% in the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company's stock worth $11,409,000 after purchasing an additional 199,264 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Winnebago Industries during the 2nd quarter valued at approximately $9,708,000. Finally, Marshall Wace LLP bought a new stake in Winnebago Industries during the 2nd quarter valued at approximately $7,976,000.

Insider Buying and Selling at Winnebago Industries

In other news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the sale, 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Bret A. Woodson sold 12,187 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, the senior vice president now owns 23,728 shares in the company, valued at approximately $1,343,953.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William C. Fisher purchased 2,000 shares of the stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of $54.81 per share, with a total value of $109,620.00. Following the acquisition, the director now owns 32,267 shares of the company's stock, valued at approximately $1,768,554.27. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Truist Financial cut their price objective on Winnebago Industries from $68.00 to $64.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Northcoast Research raised Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price objective on the stock in a research report on Monday. Benchmark cut their price objective on Winnebago Industries from $75.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd. Robert W. Baird cut their price objective on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Finally, BMO Capital Markets cut their price objective on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $68.13.

Winnebago Industries Stock Down 2.3 %

NYSE WGO traded down $1.41 during mid-day trading on Wednesday, reaching $61.18. The stock had a trading volume of 502,580 shares, compared to its average volume of 588,119. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42. The stock has a market cap of $1.77 billion, a PE ratio of 209.91 and a beta of 1.60. The company has a fifty day moving average price of $57.75 and a 200 day moving average price of $58.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.61). The business had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company's revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 EPS. On average, research analysts expect that Winnebago Industries, Inc. will post 3.62 earnings per share for the current year.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a $0.34 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.36 annualized dividend and a yield of 2.22%. This is an increase from Winnebago Industries's previous quarterly dividend of $0.31. Winnebago Industries's dividend payout ratio is currently 453.35%.

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.