Winnebago Industries, Inc. (NYSE:WGO) CEO Michael J. Happe Buys 2,500 Shares

Winnebago Industries, Inc. (NYSE:WGO) CEO Michael J. Happe bought 2,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was bought at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the acquisition, the chief executive officer now owns 285,953 shares of the company’s stock, valued at $15,876,110.56. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Winnebago Industries Stock Up 3.5 %

NYSE:WGO traded up $1.96 during trading hours on Tuesday, hitting $57.56. The stock had a trading volume of 200,193 shares, compared to its average volume of 573,642. The company has a market cap of $1.66 billion, a PE ratio of 185.61 and a beta of 1.61. The business has a 50 day simple moving average of $57.67 and a two-hundred day simple moving average of $58.41. Winnebago Industries, Inc. has a 1-year low of $49.68 and a 1-year high of $75.42. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). The firm had revenue of $720.90 million during the quarter, compared to analysts’ expectations of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 earnings per share. Analysts predict that Winnebago Industries, Inc. will post 3.72 EPS 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 $0.34 dividend. 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. This represents a $1.36 annualized dividend and a yield of 2.36%. Winnebago Industries’s dividend payout ratio is currently 453.35%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares during the period. Sound Income Strategies LLC boosted its position in shares of Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares during the period. Innealta Capital LLC bought a new position in Winnebago Industries in the 2nd quarter worth approximately $45,000. EntryPoint Capital LLC acquired a new stake in Winnebago Industries in the 1st quarter valued at approximately $75,000. Finally, nVerses Capital LLC bought a new stake in Winnebago Industries during the 2nd quarter valued at $76,000.

Analysts Set New Price Targets

Several research firms recently weighed in on WGO. Robert W. Baird dropped their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Benchmark decreased their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Truist Financial cut their price objective on shares of 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 upped their price objective on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.