Marshall Wace LLP Buys Shares of 147,159 Winnebago Industries, Inc. (NYSE:WGO)

Marshall Wace LLP purchased a new position in Winnebago Industries, Inc. (NYSE:WGO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 147,159 shares of the construction company’s stock, valued at approximately $7,976,000. Marshall Wace LLP owned approximately 0.51% of Winnebago Industries at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WGO. Norges Bank acquired a new stake in shares of Winnebago Industries during the 4th quarter valued at $13,809,000. Stifel Financial Corp grew its stake in Winnebago Industries by 22.4% in the fourth quarter. Stifel Financial Corp now owns 85,629 shares of the construction company’s stock valued at $6,242,000 after purchasing an additional 15,657 shares in the last quarter. TFO Wealth Partners LLC increased its position in Winnebago Industries by 33,433.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after purchasing an additional 2,006 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Winnebago Industries in the 4th quarter worth about $4,190,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Winnebago Industries by 10.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after purchasing an additional 161,987 shares in the last quarter.

Insider Transactions at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 41,315 shares in the company, valued at approximately $2,395,443.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.75% of the stock is currently owned by corporate insiders.

Winnebago Industries Stock Performance

Shares of WGO opened at $58.21 on Monday. The company has a market capitalization of $1.69 billion, a PE ratio of 22.47 and a beta of 1.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42. The company’s fifty day moving average price is $58.01 and its 200 day moving average price is $60.13.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.34%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, September 11th. Winnebago Industries’s dividend payout ratio is currently 52.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BMO Capital Markets dropped their price objective on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. Benchmark assumed coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They set a “buy” rating and a $75.00 price target on the stock. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup upped their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Truist Financial raised their target price on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $70.00.

Winnebago Industries 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.