Kevin E. Bryant Purchases 4,200 Shares of Winnebago Industries, Inc. (NYSE:WGO) Stock

Winnebago Industries, Inc. (NYSE:WGO) Director Kevin E. Bryant acquired 4,200 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average price of $34.12 per share, with a total value of $143,304.00. Following the acquisition, the director now owns 13,755 shares of the company’s stock, valued at approximately $469,320.60. This trade represents a 43.96 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Winnebago Industries Stock Up 4.3 %

WGO traded up $1.47 on Wednesday, hitting $35.97. 284,519 shares of the company were exchanged, compared to its average volume of 676,443. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The stock’s fifty day moving average is $40.90 and its 200-day moving average is $50.27. The company has a market cap of $1.01 billion, a PE ratio of -54.50 and a beta of 1.70. Winnebago Industries, Inc. has a 12 month low of $33.59 and a 12 month high of $72.47.

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

Winnebago Industries Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.78%. Winnebago Industries’s payout ratio is -544.00%.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WGO shares. KeyCorp reduced their price target on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Citigroup decreased their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Wednesday. DA Davidson reduced their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Finally, Benchmark dropped their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.89.

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.