Winnebago Industries, Inc. (NYSE:WGO) Shares Bought by Vest Financial LLC

Vest Financial LLC lifted its stake in Winnebago Industries, Inc. (NYSE:WGO) by 24.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,381 shares of the construction company’s stock after buying an additional 5,004 shares during the period. Vest Financial LLC owned approximately 0.09% of Winnebago Industries worth $1,475,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after acquiring an additional 316 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after purchasing an additional 286 shares during the period. Innealta Capital LLC acquired a new stake in Winnebago Industries during the 2nd quarter valued at $45,000. EntryPoint Capital LLC purchased a new stake in Winnebago Industries during the 1st quarter worth $75,000. Finally, nVerses Capital LLC purchased a new stake in Winnebago Industries during the 2nd quarter worth $76,000.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $60.38 on Monday. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 23.31 and a beta of 1.61. Winnebago Industries, Inc. has a twelve month low of $49.68 and a twelve month high of $75.42. The business has a 50 day simple moving average of $57.93 and a 200-day simple moving average of $59.07.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a dividend of $0.34 per share. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.36 annualized dividend and a yield of 2.25%. Winnebago Industries’s payout ratio is presently 52.51%.

Insiders Place Their Bets

In other news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of 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 filing with the SEC, which is accessible through this hyperlink. 3.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WGO. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Friday. Benchmark started coverage on Winnebago Industries in a research note on Thursday, July 18th. They set a “buy” rating and a $75.00 price objective for the company. Truist Financial upped their target price on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Citigroup raised their price target on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.00.

About Winnebago Industries

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.