Empower Advisory Group LLC Takes $576,000 Position in Winnebago Industries, Inc. (NYSE:WGO)

Empower Advisory Group LLC bought a new stake in Winnebago Industries, Inc. (NYSE:WGO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,045 shares of the construction company’s stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning raised its holdings in Winnebago Industries by 21.7% in the 3rd quarter. Creative Planning now owns 9,880 shares of the construction company’s stock valued at $574,000 after acquiring an additional 1,760 shares during the period. International Assets Investment Management LLC raised its holdings in Winnebago Industries by 5,711.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,717 shares of the construction company’s stock valued at $507,000 after acquiring an additional 8,567 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in 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 acquiring an additional 989 shares during the period. Entropy Technologies LP raised its holdings in Winnebago Industries by 89.2% in the 3rd quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock valued at $1,084,000 after acquiring an additional 8,796 shares during the period. Finally, Savvy Advisors Inc. bought a new position in Winnebago Industries in the 3rd quarter valued at about $211,000.

Insider Buying and Selling

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.63% of the stock is currently owned by company insiders.

Winnebago Industries Stock Performance

NYSE WGO opened at $42.93 on Thursday. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -65.04 and a beta of 1.62. The firm’s 50 day simple moving average is $47.93 and its 200 day simple moving average is $54.45. Winnebago Industries, Inc. has a 1 year low of $42.69 and a 1 year high of $74.10.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.23). The firm had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business’s revenue was down 18.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.06 EPS. As a group, research analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.17%. Winnebago Industries’s dividend payout ratio is -206.06%.

Wall Street Analysts Forecast Growth

WGO has been the topic of several research analyst reports. DA Davidson lowered their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Truist Financial increased their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday, February 10th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, November 11th. KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 8th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and a consensus price target of $65.00.

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.