Bret A. Woodson Sells 12,187 Shares of Winnebago Industries, Inc. (NYSE:WGO) Stock

Winnebago Industries, Inc. (NYSE:WGO) SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the transaction, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Winnebago Industries Trading Up 1.9 %

WGO traded up $1.07 on Friday, hitting $57.11. 653,050 shares of the company were exchanged, compared to its average volume of 581,587. Winnebago Industries, Inc. has a 12 month low of $49.68 and a 12 month high of $75.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The firm has a fifty day simple moving average of $57.68 and a two-hundred day simple moving average of $58.35. The stock has a market capitalization of $1.65 billion, a PE ratio of 186.81 and a beta of 1.61.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share 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 during the quarter, compared to analysts’ expectations of $718.72 million. During the same quarter last year, the business posted $1.59 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Sell-side analysts expect that Winnebago Industries, Inc. will post 3.67 earnings per share for the current year.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, September 11th. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio (DPR) is presently 453.35%.

Analyst Upgrades and Downgrades

WGO has been the topic of a number of recent research reports. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Benchmark dropped their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. BMO Capital Markets lowered their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Truist Financial lowered their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Citigroup increased their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $67.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after buying an additional 316 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after acquiring an additional 286 shares during the period. Innealta Capital LLC purchased a new stake in shares of Winnebago Industries during the 2nd quarter valued at about $45,000. EntryPoint Capital LLC bought a new stake in Winnebago Industries during the first quarter valued at approximately $75,000. Finally, nVerses Capital LLC bought a new stake in Winnebago Industries during the second quarter valued at approximately $76,000.

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.