Winnebago Industries, Inc. (NYSE:WGO) Director Kevin E. Bryant Buys 4,200 Shares

Winnebago Industries, Inc. (NYSE:WGO) Director Kevin E. Bryant purchased 4,200 shares of Winnebago Industries stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the purchase, the director now owns 13,755 shares in the company, valued at approximately $469,320.60. This trade represents a 43.96 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Winnebago Industries Price Performance

NYSE WGO opened at $35.85 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. Winnebago Industries, Inc. has a 1 year low of $33.59 and a 1 year high of $72.15. The company has a market cap of $1.00 billion, a PE ratio of -54.32 and a beta of 1.70. The stock’s 50-day moving average price is $40.67 and its two-hundred day moving average price is $50.17.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm’s revenue was down 11.9% compared to the same quarter last year. On average, analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.34 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.79%. Winnebago Industries’s dividend payout ratio (DPR) is presently -544.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WGO. Wellington Management Group LLP purchased a new position in Winnebago Industries during the 3rd quarter valued at about $7,750,000. Vestcor Inc boosted its holdings in shares of Winnebago Industries by 105.6% during the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after purchasing an additional 8,837 shares during the period. JPMorgan Chase & Co. grew its position in Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after purchasing an additional 173,274 shares in the last quarter. Inspire Investing LLC acquired a new position in Winnebago Industries in the 4th quarter valued at approximately $399,000. Finally, Dean Investment Associates LLC lifted its position in Winnebago Industries by 108.1% in the 3rd quarter. Dean Investment Associates LLC now owns 50,966 shares of the construction company’s stock worth $2,962,000 after buying an additional 26,474 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WGO shares. Citigroup dropped their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Benchmark dropped their price objective on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. KeyCorp decreased their target price on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Truist Financial dropped their price target on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and an average target price of $56.89.

Winnebago Industries Company 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.