GAMMA Investing LLC Raises Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

GAMMA Investing LLC lifted its stake in Winnebago Industries, Inc. (NYSE:WGO) by 222.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 458 shares of the construction company’s stock after purchasing an additional 316 shares during the period. GAMMA Investing LLC’s holdings in Winnebago Industries were worth $27,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after acquiring an additional 463,257 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Winnebago Industries by 13.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock worth $61,918,000 after purchasing an additional 138,327 shares in the last quarter. Broad Peak Investment Holdings Ltd. increased its stake in Winnebago Industries by 20.0% during the 1st quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company’s stock valued at $64,948,000 after purchasing an additional 146,000 shares in the last quarter. American Century Companies Inc. increased its stake in Winnebago Industries by 8.8% during the 2nd quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock valued at $46,697,000 after purchasing an additional 69,453 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Winnebago Industries by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 376,829 shares of the construction company’s stock worth $20,424,000 after buying an additional 1,681 shares in the last quarter.

Insider Transactions at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.75% of the company’s stock.

Winnebago Industries Stock Performance

Shares of NYSE WGO opened at $60.38 on Friday. The stock has a market cap of $1.75 billion, a PE ratio of 23.31 and a beta of 1.61. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42. The firm has a fifty day moving average price of $57.93 and a 200-day moving average price of $59.07. 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 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 2.25%. 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 52.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Benchmark assumed coverage on shares of Winnebago Industries in a research report on Thursday, July 18th. They set a “buy” rating and a $75.00 price target for the company. Truist Financial boosted their price target on Winnebago Industries from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Friday. Finally, Citigroup upped their target price on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.