New York State Teachers Retirement System Has $3.27 Million Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

New York State Teachers Retirement System cut its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,233 shares of the construction company’s stock after selling 3,217 shares during the period. New York State Teachers Retirement System owned 0.19% of Winnebago Industries worth $3,268,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WGO. 1832 Asset Management L.P. grew its stake in Winnebago Industries by 484.1% in the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after buying an additional 832,187 shares during the last quarter. Pacer Advisors Inc. grew its stake in Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after buying an additional 463,257 shares during the last quarter. Millennium Management LLC grew its stake in Winnebago Industries by 1,772.8% in the 2nd quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after buying an additional 199,264 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Winnebago Industries in the 2nd quarter valued at about $9,708,000. Finally, Marshall Wace LLP acquired a new position in Winnebago Industries in the 2nd quarter valued at about $7,976,000.

Winnebago Industries Trading Up 5.9 %

Shares of NYSE WGO opened at $61.61 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. Winnebago Industries, Inc. has a 52-week low of $49.68 and a 52-week high of $75.42. The firm has a 50 day moving average price of $57.45 and a two-hundred day moving average price of $58.18. The stock has a market cap of $1.78 billion, a P/E ratio of 193.97 and a beta of 1.60.

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 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 firm had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. During the same quarter last year, the company earned $1.59 earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities analysts forecast that Winnebago Industries, Inc. will post 3.67 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.34 per share. 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 dividend yield of 2.21%. Winnebago Industries’s dividend payout ratio is 453.35%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird decreased their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Benchmark decreased their target price 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. BMO Capital Markets decreased 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 Thursday, October 24th. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, Truist Financial cut their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.14.

Insider Transactions at Winnebago Industries

In other news, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the sale, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director William C. Fisher purchased 2,000 shares of Winnebago Industries stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the acquisition, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by corporate insiders.

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.