First Trust Advisors LP Purchases 474,273 Shares of Winnebago Industries, Inc. (NYSE:WGO)

First Trust Advisors LP increased its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 40.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,643,786 shares of the construction company's stock after purchasing an additional 474,273 shares during the quarter. First Trust Advisors LP owned 5.79% of Winnebago Industries worth $78,540,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WGO. JPMorgan Chase & Co. lifted its holdings in shares of Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock worth $49,714,000 after acquiring an additional 173,274 shares during the period. Inspire Investing LLC acquired a new stake in shares of Winnebago Industries in the 4th quarter valued at $399,000. Prescott Group Capital Management L.L.C. bought a new position in shares of Winnebago Industries in the 4th quarter valued at $1,433,000. Proficio Capital Partners LLC acquired a new position in shares of Winnebago Industries during the 4th quarter worth $632,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $29,889,000 after buying an additional 50,634 shares in the last quarter.

Insider Buying and Selling

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

Winnebago Industries Stock Up 2.8 %

NYSE:WGO traded up $0.91 during trading hours on Thursday, reaching $32.87. The company had a trading volume of 445,558 shares, compared to its average volume of 697,574. Winnebago Industries, Inc. has a twelve month low of $28.29 and a twelve month high of $66.05. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The firm has a market cap of $921.18 million, a price-to-earnings ratio of -49.80 and a beta of 1.49. The business's 50-day simple moving average is $35.29 and its two-hundred day simple moving average is $46.98.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. During the same period last year, the business posted $0.93 EPS. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities analysts expect 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. Investors of record on Wednesday, April 16th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries's dividend payout ratio is currently -544.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WGO shares. Citigroup decreased their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Baird R W cut Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. BMO Capital Markets reduced their price objective on Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Robert W. Baird cut Winnebago Industries from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $50.00 to $38.00 in a report on Friday, April 4th. Finally, Benchmark cut their price target on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $51.89.

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.