Insider Selling: Winnebago Industries, Inc. (NYSE:WGO) SVP Sells $690,271.68 in Stock

Winnebago Industries, Inc. (NYSE:WGO) SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the sale, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Winnebago Industries Trading Up 1.9 %

Shares of NYSE:WGO opened at $57.11 on Monday. Winnebago Industries, Inc. has a 52-week low of $49.68 and a 52-week high of $75.42. The company has a market cap of $1.65 billion, a P/E ratio of 190.37 and a beta of 1.60. The stock’s 50-day moving average is $57.59 and its 200-day moving average is $58.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The firm had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. During the same period last year, the business earned $1.59 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts predict that Winnebago Industries, Inc. will post 3.67 earnings per share for the current year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.38%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, September 11th. Winnebago Industries’s payout ratio is presently 453.35%.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors have recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC bought a new position in shares of Winnebago Industries in the first quarter valued at approximately $1,182,000. Bayesian Capital Management LP bought a new position in shares of Winnebago Industries in the first quarter valued at approximately $681,000. Duality Advisers LP bought a new position in shares of Winnebago Industries in the first quarter valued at approximately $1,212,000. 1832 Asset Management L.P. raised its stake in shares of Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after acquiring an additional 832,187 shares during the last quarter. Finally, Quest Partners LLC raised its position in Winnebago Industries by 3,334.2% in the 2nd quarter. Quest Partners LLC now owns 17,583 shares of the construction company’s stock worth $953,000 after purchasing an additional 17,071 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Truist Financial cut their target price on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. BMO Capital Markets cut their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Benchmark cut their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, Robert W. Baird cut their target price on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Winnebago Industries currently has an average rating of “Moderate Buy” and an average target price of $67.14.

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.