Wells Fargo & Company MN Acquires 20,036 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Wells Fargo & Company MN grew its holdings in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 66.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,976 shares of the construction company's stock after purchasing an additional 20,036 shares during the quarter. Wells Fargo & Company MN owned about 0.18% of Winnebago Industries worth $2,388,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Winnebago Industries by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock valued at $104,250,000 after buying an additional 48,517 shares during the last quarter. JPMorgan Chase & Co. increased its position in Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after acquiring an additional 173,274 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock worth $29,889,000 after acquiring an additional 50,634 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Winnebago Industries by 2.1% during the fourth quarter. William Blair Investment Management LLC now owns 494,151 shares of the construction company's stock worth $23,611,000 after purchasing an additional 10,202 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Winnebago Industries by 4.9% during the fourth quarter. Principal Financial Group Inc. now owns 165,680 shares of the construction company's stock valued at $7,916,000 after purchasing an additional 7,689 shares during the last quarter.

Winnebago Industries Trading Down 2.1 %

NYSE:WGO traded down $0.69 during trading hours on Monday, hitting $32.05. The stock had a trading volume of 419,236 shares, compared to its average volume of 697,353. The business's 50 day moving average is $35.06 and its 200-day moving average is $46.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The company has a market cap of $898.20 million, a price-to-earnings ratio of -48.56 and a beta of 1.49. Winnebago Industries, Inc. has a one year low of $28.29 and a one year high of $66.05.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The business had revenue of $620.20 million during the quarter, compared to analysts' expectations of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. Sell-side analysts anticipate 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 issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries's dividend payout ratio (DPR) is presently -544.00%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WGO shares. Baird R W lowered Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird lowered Winnebago Industries from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $50.00 to $38.00 in a research report on Friday, April 4th. BMO Capital Markets cut their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Benchmark lowered their price target on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Finally, KeyCorp cut their price objective on shares of Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $51.89.

Insider Activity at Winnebago Industries

In related news, Director Kevin E. Bryant purchased 4,200 shares of the business's stock in a transaction on Monday, March 31st. The shares were purchased at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the purchase, the director now owns 13,755 shares in the company, valued at $469,320.60. This represents a 43.96 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction on Thursday, February 13th. The stock was 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 of the company's stock, valued at $486,855.20. This represents a 12.04 % decrease in their position. The disclosure for this sale can be found here. 4.63% of the stock is owned by insiders.

About Winnebago Industries

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.