Vanguard Group Inc. Acquires 48,517 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Vanguard Group Inc. grew its position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,181,874 shares of the construction company's stock after purchasing an additional 48,517 shares during the period. Vanguard Group Inc. owned about 7.68% of Winnebago Industries worth $104,250,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in Winnebago Industries in the 3rd quarter valued at about $7,750,000. Vestcor Inc increased its position in shares of Winnebago Industries by 105.6% during the third quarter. Vestcor Inc now owns 17,205 shares of the construction company's stock valued at $1,000,000 after acquiring an additional 8,837 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Winnebago Industries by 25.4% during the third 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 purchased a new position in Winnebago Industries in the fourth quarter worth $399,000. Finally, TT International Asset Management LTD grew its stake in Winnebago Industries by 641.8% in the 3rd quarter. TT International Asset Management LTD now owns 52,903 shares of the construction company's stock valued at $3,074,000 after purchasing an additional 45,771 shares during the period.

Insider Transactions at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin E. Bryant acquired 4,200 shares of the stock in a transaction dated Monday, March 31st. The shares were bought 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 in the company, valued at approximately $469,320.60. This represents a 43.96 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.63% of the company's stock.

Winnebago Industries Price Performance

WGO traded down $0.33 during trading on Tuesday, reaching $30.65. 39,178 shares of the company were exchanged, compared to its average volume of 910,674. Winnebago Industries, Inc. has a 12-month low of $28.28 and a 12-month high of $66.05. The company's 50-day moving average is $37.51 and its two-hundred day moving average is $48.31. 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 company has a market cap of $859.02 million, a price-to-earnings ratio of -46.39 and a beta of 1.49.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. The firm had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company's revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. Research analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.44%. Winnebago Industries's dividend payout ratio (DPR) is currently -544.00%.

Analyst Ratings Changes

WGO has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Winnebago Industries from a "hold" rating to a "sell" rating in a report on Friday. Baird R W cut shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial decreased their price target on shares of Winnebago Industries from $50.00 to $38.00 and set a "buy" rating for the company in a research note on Monday. Citigroup reduced their price objective on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Finally, DA Davidson upgraded Winnebago Industries to a "hold" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $52.67.

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.