Norges Bank Purchases New Position in Winnebago Industries, Inc. (NYSE:WGO)

Norges Bank purchased a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 60,490 shares of the construction company's stock, valued at approximately $2,890,000. Norges Bank owned about 0.21% of Winnebago Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WGO. JPMorgan Chase & Co. boosted its stake in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Winnebago Industries during the third quarter valued at $7,750,000. LHM Inc. purchased a new stake in shares of Winnebago Industries during the fourth quarter valued at $6,077,000. Edgestream Partners L.P. bought a new stake in Winnebago Industries in the 4th quarter worth about $4,602,000. Finally, Charles Schwab Investment Management Inc. raised its position in 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 worth $29,889,000 after buying an additional 50,634 shares during the last quarter.

Insider Buying and Selling at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the transaction, the director now directly owns 10,985 shares of the company's stock, valued at $486,855.20. This represents a 12.04 % decrease in their position. The sale 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 firm's stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the transaction, the director now directly owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.63% of the company's stock.

Winnebago Industries Trading Down 0.7 %

WGO traded down $0.22 during trading hours on Wednesday, reaching $29.44. 25,991 shares of the company's stock traded hands, compared to its average volume of 692,337. The firm has a market capitalization of $825.06 million, a PE ratio of -44.58 and a beta of 1.49. Winnebago Industries, Inc. has a 52-week low of $28.29 and a 52-week high of $66.05. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $37.20 and a 200 day moving average price of $48.18.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. The firm had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, sell-side analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.62%. Winnebago Industries's dividend payout ratio is presently -544.00%.

Analyst Ratings Changes

WGO has been the subject of a number of research analyst reports. StockNews.com lowered shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Robert W. Baird downgraded Winnebago Industries from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $50.00 to $38.00 in a research note on Friday, April 4th. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research report on Monday. KeyCorp lowered their price target on Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Finally, BMO Capital Markets decreased their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $52.67.

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.