Olstein Capital Management L.P. Trims Position in Winnebago Industries, Inc. (NYSE:WGO)

Olstein Capital Management L.P. trimmed its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 24.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,000 shares of the construction company's stock after selling 14,000 shares during the quarter. Olstein Capital Management L.P. owned 0.15% of Winnebago Industries worth $2,499,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. 1832 Asset Management L.P. boosted its holdings in Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company's stock valued at $74,302,000 after acquiring an additional 832,187 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company's stock worth $77,602,000 after purchasing an additional 463,257 shares during the period. Millennium Management LLC boosted its stake in shares of Winnebago Industries by 1,772.8% in the 2nd quarter. Millennium Management LLC now owns 210,504 shares of the construction company's stock valued at $11,409,000 after purchasing an additional 199,264 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Winnebago Industries during the second quarter worth $9,708,000. Finally, Marshall Wace LLP bought a new position in Winnebago Industries during the second quarter worth $7,976,000.

Insider Activity at Winnebago Industries

In other news, Director William C. Fisher purchased 2,000 shares of the company's stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average cost of $54.81 per share, with a total value of $109,620.00. Following the completion of the transaction, the director now directly 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 legal filing with the SEC, which can be accessed through this link. In other Winnebago Industries news, Director William C. Fisher bought 2,000 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was purchased at an average cost of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the sale, the senior vice president now directly owns 23,728 shares in the company, valued at approximately $1,343,953.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by insiders.

Winnebago Industries Stock Down 0.9 %

NYSE WGO traded down $0.53 during mid-day trading on Thursday, hitting $61.11. The company's stock had a trading volume of 593,648 shares, compared to its average volume of 583,901. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. The company's 50 day simple moving average is $57.49 and its 200 day simple moving average is $58.21. Winnebago Industries, Inc. has a twelve month low of $49.68 and a twelve month high of $75.42. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 205.37 and a beta of 1.60.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its 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 return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. During the same period in the previous year, the firm earned $1.59 earnings per share. The company's revenue was down 6.5% on a year-over-year basis. Analysts anticipate that Winnebago Industries, Inc. will post 3.67 earnings per share for the current year.

Winnebago Industries Increases Dividend

The business also recently declared 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 was Wednesday, September 11th. This represents a $1.36 annualized dividend and a yield of 2.23%. This is an increase from Winnebago Industries's previous quarterly dividend of $0.31. Winnebago Industries's dividend payout ratio is 453.35%.

Wall Street Analyst Weigh In

WGO has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Winnebago Industries from $68.00 to $64.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Robert W. Baird lowered their target price on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Citigroup boosted their price target on Winnebago Industries from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, July 12th. Benchmark reduced their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.14.

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.