Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,944 shares of the construction company's stock after selling 30,560 shares during the period. Prudential Financial Inc. owned 0.12% of Winnebago Industries worth $1,574,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its stake in Winnebago Industries by 76.0% in the 3rd quarter. FMR LLC now owns 3,623 shares of the construction company's stock worth $211,000 after acquiring an additional 1,565 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Winnebago Industries by 23.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company's stock worth $921,000 after acquiring an additional 3,030 shares during the last quarter. Verition Fund Management LLC increased its stake in Winnebago Industries by 16.3% in the 3rd quarter. Verition Fund Management LLC now owns 29,356 shares of the construction company's stock worth $1,706,000 after acquiring an additional 4,123 shares during the last quarter. Centiva Capital LP bought a new stake in Winnebago Industries in the 3rd quarter worth approximately $678,000. Finally, Holocene Advisors LP bought a new stake in Winnebago Industries in the 3rd quarter worth approximately $1,296,000.

Winnebago Industries Stock Performance

Shares of WGO stock traded down $1.60 during mid-day trading on Thursday, reaching $31.92. The stock had a trading volume of 170,221 shares, compared to its average volume of 690,903. The business's fifty day moving average is $38.42 and its 200-day moving average is $48.93. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The firm has a market cap of $894.56 million, a price-to-earnings ratio of -48.36 and a beta of 1.49. Winnebago Industries, Inc. has a 1-year low of $28.29 and a 1-year high of $68.15.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $620.20 million for 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 revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, research analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 4.26%. Winnebago Industries's dividend payout ratio (DPR) is presently -544.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial cut their target price on Winnebago Industries from $58.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. StockNews.com downgraded Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. KeyCorp cut their target price on Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Benchmark cut their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, Robert W. Baird downgraded Winnebago Industries from an "outperform" rating to a "neutral" rating and cut their target price for the company from $50.00 to $38.00 in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Winnebago Industries currently has an average rating of "Hold" and an average target price of $54.00.

Insider Activity

In other news, Director Jacqueline D. Woods sold 1,503 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin E. Bryant bought 4,200 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was purchased at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the transaction, the director now owns 13,755 shares of the company's stock, valued at approximately $469,320.60. This represents a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company's stock.

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.