Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 0.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,140,471 shares of the construction company’s stock after selling 19,890 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of Winnebago Industries worth $116,013,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Winnebago Industries by 10.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after buying an additional 161,987 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of 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 purchasing an additional 832,187 shares in the last quarter. Broad Peak Investment Holdings Ltd. grew its position in shares of Winnebago Industries by 20.0% in the first quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company’s stock valued at $64,948,000 after purchasing an additional 146,000 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Winnebago Industries by 8.8% during the 2nd quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock worth $46,697,000 after purchasing an additional 69,453 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Winnebago Industries by 53.4% during the 4th quarter. First Trust Advisors LP now owns 460,771 shares of the construction company’s stock worth $33,581,000 after purchasing an additional 160,431 shares during the last quarter.

Wall Street Analyst Weigh In

WGO has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. Citigroup boosted their target price on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Robert W. Baird reduced their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Truist Financial upped their price objective on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Winnebago Industries currently has an average rating of “Moderate Buy” and an average target price of $70.00.

Insider Activity

In related news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.75% of the company’s stock.

Winnebago Industries Trading Down 2.3 %

NYSE WGO opened at $57.76 on Tuesday. The company has a 50-day moving average of $58.05 and a 200-day moving average of $60.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. Winnebago Industries, Inc. has a 12 month low of $49.68 and a 12 month high of $75.42. The company has a market cap of $1.67 billion, a P/E ratio of 22.30 and a beta of 1.62.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Wednesday, September 11th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio (DPR) is 52.51%.

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.