Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. reduced its position in Winnebago Industries, Inc. (NYSE:WGO) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,645 shares of the construction company’s stock after selling 4,325 shares during the period. Winnebago Industries comprises about 1.0% of Meridian Investment Counsel Inc.’s portfolio, making the stock its 28th biggest holding. Meridian Investment Counsel Inc.’s holdings in Winnebago Industries were worth $3,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WGO. Smartleaf Asset Management LLC boosted its stake in shares of Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after acquiring an additional 390 shares in the last quarter. R Squared Ltd purchased a new position in Winnebago Industries during the fourth quarter worth approximately $43,000. Quarry LP grew its holdings in Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after purchasing an additional 848 shares during the period. KBC Group NV increased its position in shares of Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after buying an additional 587 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of Winnebago Industries during the 3rd quarter worth approximately $152,000.

Winnebago Industries Stock Down 7.5 %

NYSE WGO opened at $34.74 on Monday. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. Winnebago Industries, Inc. has a 52 week low of $33.62 and a 52 week high of $74.00. The business’s fifty day simple moving average is $41.45 and its 200-day simple moving average is $50.57. The firm has a market cap of $986.60 million, a PE ratio of -52.64 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. As a group, equities analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.91%. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday. Citigroup cut their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Benchmark restated a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, Truist Financial reduced their target price on Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction dated 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 directly owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.63% of the company’s stock.

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.