Intech Investment Management LLC Takes Position in Winnebago Industries, Inc. (NYSE:WGO)

Intech Investment Management LLC purchased a new position in Winnebago Industries, Inc. (NYSE:WGO) in the second quarter, Holdings Channel.com reports. The fund purchased 6,245 shares of the construction company’s stock, valued at approximately $338,000.

Several other large investors have also added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in shares of Winnebago Industries in the 2nd quarter worth about $45,000. EntryPoint Capital LLC purchased a new stake in Winnebago Industries in the first quarter worth about $75,000. nVerses Capital LLC purchased a new stake in Winnebago Industries in the second quarter worth about $76,000. Headlands Technologies LLC bought a new stake in Winnebago Industries during the 2nd quarter valued at approximately $110,000. Finally, TFO Wealth Partners LLC grew its holdings in shares of Winnebago Industries by 33,433.3% during the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after acquiring an additional 2,006 shares during the period.

Insider Activity

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

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock opened at $58.25 on Friday. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42. The firm’s 50-day moving average is $58.01 and its 200 day moving average is $60.19. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 22.49 and a beta of 1.62. 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 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 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Wednesday, September 11th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio is currently 52.51%.

Analyst Ratings Changes

A number of research analysts have recently commented on WGO shares. Citigroup raised their target price on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Truist Financial raised their price objective on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, September 20th. 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 research report on Friday, June 21st. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Friday. Finally, BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Winnebago Industries presently has an average rating of “Moderate Buy” and an average target price of $70.00.

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.