Fmr LLC Buys 1,565 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Fmr LLC increased its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 76.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,623 shares of the construction company’s stock after purchasing an additional 1,565 shares during the quarter. Fmr LLC’s holdings in Winnebago Industries were worth $211,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after buying an additional 316 shares in the last quarter. Sound Income Strategies LLC increased its stake in Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after acquiring an additional 286 shares during the last quarter. Innealta Capital LLC acquired a new position in Winnebago Industries during the second quarter valued at approximately $45,000. nVerses Capital LLC bought a new stake in Winnebago Industries during the second quarter worth $76,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Winnebago Industries by 196.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after purchasing an additional 989 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WGO. BMO Capital Markets lowered their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Benchmark lowered their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Truist Financial lowered their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.13.

Insiders Place Their Bets

In other Winnebago Industries news, Director William C. Fisher acquired 2,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were purchased at an average cost of $54.81 per share, with a total value of $109,620.00. Following the completion of the purchase, the director now owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. This represents a 6.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bret A. Woodson sold 12,187 shares of the business’s 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 sale, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.63% of the company’s stock.

Winnebago Industries Stock Performance

Winnebago Industries stock opened at $49.98 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $74.61. The business has a 50 day moving average of $57.69 and a 200-day moving average of $57.29. The company has a market capitalization of $1.45 billion, a P/E ratio of 166.61 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. During the same quarter last year, the business earned $1.06 earnings per share. Winnebago Industries’s revenue was down 18.0% compared to the same quarter last year. On average, equities research analysts predict that Winnebago Industries, Inc. will post 3.52 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.72%. The ex-dividend date is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is presently 453.33%.

Winnebago Industries 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.