Semanteon Capital Management LP Cuts Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Semanteon Capital Management LP decreased its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 72.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,713 shares of the construction company's stock after selling 15,345 shares during the quarter. Semanteon Capital Management LP's holdings in Winnebago Industries were worth $332,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its holdings in Winnebago Industries by 196.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company's stock valued at $86,000 after buying an additional 989 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Winnebago Industries by 5,711.3% during the third quarter. International Assets Investment Management LLC now owns 8,717 shares of the construction company's stock worth $507,000 after acquiring an additional 8,567 shares during the last quarter. Vest Financial LLC grew its stake in Winnebago Industries by 24.6% during the third quarter. Vest Financial LLC now owns 25,381 shares of the construction company's stock valued at $1,475,000 after acquiring an additional 5,004 shares in the last quarter. Creative Planning grew its stake in Winnebago Industries by 21.7% during the third quarter. Creative Planning now owns 9,880 shares of the construction company's stock valued at $574,000 after acquiring an additional 1,760 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in 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 purchasing an additional 286 shares in the last quarter.

Winnebago Industries Trading Up 3.4 %

WGO stock traded up $1.90 during mid-day trading on Tuesday, reaching $57.50. 1,213,745 shares of the stock traded hands, compared to its average volume of 578,491. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42. The stock has a market capitalization of $1.66 billion, a PE ratio of 185.61 and a beta of 1.61. 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 business has a 50-day moving average price of $57.67 and a two-hundred day moving average price of $58.41.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. During the same quarter in the previous year, the company posted $1.59 earnings per share. The business's revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts expect that Winnebago Industries, Inc. will post 3.72 EPS for the current year.

Winnebago Industries Increases Dividend

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

Analyst Ratings Changes

WGO has been the subject of a number of research analyst reports. Truist Financial cut their price objective on Winnebago Industries from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. StockNews.com cut Winnebago Industries from a "hold" rating to a "sell" rating in a report on Tuesday. Robert W. Baird decreased their price objective on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Benchmark cut 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. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.14.

Insider Buying and Selling at Winnebago Industries

In related news, CEO Michael J. Happe acquired 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The stock was bought at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the acquisition, the chief executive officer now directly owns 285,953 shares of the company's stock, valued at $15,876,110.56. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Winnebago Industries news, Director William C. Fisher purchased 2,000 shares of the stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now owns 32,267 shares of the company's stock, valued at approximately $1,768,554.27. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael J. Happe acquired 2,500 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average cost of $55.52 per share, for a total transaction 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. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.75% of the stock is currently owned by corporate insiders.

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.