Vest Financial LLC Boosts Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Vest Financial LLC increased its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 88.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 47,858 shares of the construction company’s stock after acquiring an additional 22,477 shares during the period. Vest Financial LLC’s holdings in Winnebago Industries were worth $2,287,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WGO. Sanctuary Advisors LLC lifted its holdings in Winnebago Industries by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after purchasing an additional 245 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after buying an additional 286 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Winnebago Industries by 222.5% in the 3rd 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. Cascade Investment Advisors Inc. increased its stake in Winnebago Industries by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after buying an additional 380 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Winnebago Industries by 9.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock valued at $273,000 after acquiring an additional 506 shares during the last quarter.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock opened at $44.15 on Friday. The stock has a 50 day moving average of $49.94 and a 200 day moving average of $55.29. 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 fifty-two week low of $44.11 and a fifty-two week high of $74.10.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business had revenue of $625.60 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 earnings per share. As a group, sell-side analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is -206.06%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, November 11th. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. BMO Capital Markets reduced their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Truist Financial lowered their price target on shares of Winnebago Industries from $64.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.78.

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.