Michael J. Happe Acquires 2,500 Shares of Winnebago Industries, Inc. (NYSE:WGO) Stock

Winnebago Industries, Inc. (NYSE:WGO) CEO Michael J. Happe purchased 2,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the acquisition, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Winnebago Industries Stock Down 0.2 %

Winnebago Industries stock opened at $57.36 on Thursday. The company has a market capitalization of $1.66 billion, a P/E ratio of 191.21 and a beta of 1.61. 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 fifty-two week low of $49.68 and a fifty-two week high of $75.42. The stock has a 50-day simple moving average of $57.68 and a 200-day simple moving average of $58.35.

Winnebago Industries (NYSE:WGO) last issued 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%. Winnebago Industries’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 EPS. Equities research analysts expect that Winnebago Industries, Inc. will post 3.72 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were given a dividend of $0.34 per share. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.37%. The ex-dividend date was Wednesday, September 11th. Winnebago Industries’s dividend payout ratio (DPR) is presently 453.35%.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently made changes to their positions in WGO. GAMMA Investing LLC grew its holdings in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after buying an additional 316 shares during the last quarter. Sound Income Strategies LLC lifted its position in Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after acquiring an additional 286 shares during the period. Innealta Capital LLC purchased a new position in shares of Winnebago Industries in the 2nd quarter valued at approximately $45,000. EntryPoint Capital LLC acquired a new position in shares of Winnebago Industries in the first quarter valued at approximately $75,000. Finally, nVerses Capital LLC purchased a new stake in shares of Winnebago Industries during the second quarter worth approximately $76,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WGO shares. BMO Capital Markets 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 Thursday, October 24th. Robert W. Baird decreased their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Benchmark dropped their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Truist Financial dropped their price objective on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.