Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its stake in Winnebago Industries, Inc. (NYSE:WGO) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,160 shares of the construction company’s stock after selling 310 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Winnebago Industries were worth $668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Winnebago Industries by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,239 shares of the construction company’s stock valued at $161,448,000 after purchasing an additional 44,987 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Winnebago Industries by 10.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after buying an additional 161,987 shares in the last quarter. Broad Peak Investment Holdings Ltd. lifted its stake in Winnebago Industries by 108.2% in the 4th quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock valued at $53,325,000 after buying an additional 380,200 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Winnebago Industries by 44.7% during the 4th quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock valued at $49,212,000 after buying an additional 208,452 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Winnebago Industries by 10.9% during the third quarter. American Century Companies Inc. now owns 471,203 shares of the construction company’s stock worth $28,013,000 after buying an additional 46,325 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WGO shares. DA Davidson increased their price objective on Winnebago Industries from $64.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Roth Mkm decreased their price target on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Robert W. Baird reduced their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Finally, StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.50.

Winnebago Industries Stock Down 4.2 %

Shares of WGO opened at $51.88 on Wednesday. The firm has a market cap of $1.50 billion, a PE ratio of 20.03 and a beta of 1.72. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average is $60.44 and its two-hundred day moving average is $65.86. Winnebago Industries, Inc. has a fifty-two week low of $51.71 and a fifty-two week high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). The firm had revenue of $786.00 million during the quarter, compared to analyst estimates of $798.26 million. Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. Winnebago Industries’s revenue was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 EPS. Analysts forecast that Winnebago Industries, Inc. will post 4.89 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, June 12th. Winnebago Industries’s dividend payout ratio (DPR) is presently 47.88%.

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.