Principal Financial Group Inc. Boosts Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Principal Financial Group Inc. increased its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 165,680 shares of the construction company's stock after purchasing an additional 7,689 shares during the period. Principal Financial Group Inc. owned 0.58% of Winnebago Industries worth $7,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of WGO. R Squared Ltd acquired a new stake in Winnebago Industries in the 4th quarter valued at about $43,000. Quarry LP increased its holdings in shares of Winnebago Industries by 4,038.1% during the 3rd quarter. Quarry LP now owns 869 shares of the construction company's stock worth $50,000 after buying an additional 848 shares during the last quarter. KBC Group NV increased its holdings in shares of Winnebago Industries by 64.5% during the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company's stock worth $72,000 after buying an additional 587 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Winnebago Industries by 196.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company's stock worth $86,000 after buying an additional 989 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in shares of Winnebago Industries during the 3rd quarter worth approximately $152,000.

Winnebago Industries Stock Down 6.5 %

Shares of Winnebago Industries stock traded down $2.44 during trading on Wednesday, hitting $34.91. 1,414,554 shares of the stock were exchanged, compared to its average volume of 622,706. The stock has a market cap of $991.20 million, a price-to-earnings ratio of -52.89 and a beta of 1.62. The firm's 50-day moving average price is $45.89 and its 200 day moving average price is $53.44. Winnebago Industries, Inc. has a 12-month low of $34.74 and a 12-month high of $74.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share (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 analysts' expectations of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries's revenue for the quarter was down 18.0% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. As a group, analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 3.90%. Winnebago Industries's dividend payout ratio is currently -206.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WGO. DA Davidson cut their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, December 24th. Truist Financial raised their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Northcoast Research upgraded shares of Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price target for the company in a report on Monday, November 11th. KeyCorp raised shares of Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Benchmark reaffirmed a "buy" rating and set a $70.00 price objective on shares of Winnebago Industries in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Winnebago Industries currently has an average rating of "Moderate Buy" and an average price target of $65.00.

Insider Buying and Selling

In related news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now directly owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.63% of the stock is owned by company insiders.

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.