Winnebago Industries, Inc. (NYSE:WGO) CEO Michael J. Happe Acquires 2,500 Shares

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) CEO Michael J. Happe acquired 2,500 shares of Winnebago Industries stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the acquisition, the chief executive officer now owns 285,953 shares of the company's stock, valued at $15,876,110.56. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Winnebago Industries Trading Up 3.4 %

WGO traded up $1.90 during trading on Tuesday, hitting $57.50. The company's stock had a trading volume of 1,174,730 shares, compared to its average volume of 578,304. Winnebago Industries, Inc. has a twelve month low of $49.68 and a twelve month high of $75.42. The stock has a market cap of $1.66 billion, a PE ratio of 185.61 and a beta of 1.61. The firm's 50 day moving average price is $57.67 and its 200-day moving average price is $58.41. 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 released its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $720.90 million for the quarter, compared to analysts' expectations of $718.72 million. During the same quarter last year, the company posted $1.59 earnings per share. The business's quarterly revenue was down 6.5% compared to the same quarter last year. On average, analysts expect that Winnebago Industries, Inc. will post 3.72 earnings per share for the current year.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a dividend of $0.34 per share. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.36 annualized dividend and a yield of 2.37%. Winnebago Industries's dividend payout ratio is 453.35%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WGO. Benchmark dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, October 22nd. BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Truist Financial reduced their target price on Winnebago Industries from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. StockNews.com cut Winnebago Industries from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, Robert W. Baird cut their price target on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Winnebago Industries has an average rating of "Moderate Buy" and a consensus price target of $67.14.

Institutional Trading of Winnebago Industries

Several institutional investors have recently made changes to their positions in WGO. Allspring Global Investments Holdings LLC bought a new stake in shares of Winnebago Industries during the 1st quarter valued at about $249,000. BNP Paribas Financial Markets boosted its stake in Winnebago Industries by 5.9% during the first quarter. BNP Paribas Financial Markets now owns 112,925 shares of the construction company's stock valued at $8,356,000 after buying an additional 6,295 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Winnebago Industries in the first quarter worth about $1,182,000. Broad Peak Investment Holdings Ltd. lifted its holdings in Winnebago Industries by 20.0% in the 1st quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company's stock valued at $64,948,000 after acquiring an additional 146,000 shares during the last quarter. Finally, FORA Capital LLC boosted its position in shares of Winnebago Industries by 97.1% during the 1st quarter. FORA Capital LLC now owns 6,485 shares of the construction company's stock valued at $480,000 after purchasing an additional 3,194 shares in the last quarter.

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.