Public Employees Retirement Association of Colorado Trims Position in Winnebago Industries, Inc. (NYSE:WGO)

Public Employees Retirement Association of Colorado lessened its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 7.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,987 shares of the construction company’s stock after selling 305 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Winnebago Industries were worth $216,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Capstone Investment Advisors LLC bought a new stake in Winnebago Industries in the 1st quarter valued at $1,182,000. Bayesian Capital Management LP purchased a new stake in shares of Winnebago Industries in the first quarter worth about $681,000. Duality Advisers LP bought a new position in Winnebago Industries during the first quarter valued at approximately $1,212,000. Confluence Investment Management LLC purchased a new position in Winnebago Industries during the 1st quarter valued at approximately $4,001,000. Finally, 1832 Asset Management L.P. increased its stake in Winnebago Industries by 484.1% in the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after acquiring an additional 832,187 shares during the last quarter.

Winnebago Industries Price Performance

Shares of WGO stock opened at $58.21 on Monday. The stock has a 50 day moving average price of $58.01 and a 200 day moving average price of $60.13. The firm has a market capitalization of $1.69 billion, a P/E ratio of 22.47 and a beta of 1.62. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. Winnebago Industries, Inc. has a 52-week low of $49.68 and a 52-week high of $75.42.

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 given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.34%. This is a boost 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 52.51%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WGO shares. BMO Capital Markets cut their target price on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Roth Mkm reduced their target price on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup lifted their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Benchmark began coverage on Winnebago Industries in a research report on Thursday, July 18th. They set a “buy” rating and a $75.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Insiders Place Their Bets

In other news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total transaction of $193,247.34. Following the completion of the sale, the senior vice president now owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.75% 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.