Michael J. Happe Purchases 2,500 Shares of Winnebago Industries, Inc. (NYSE:WGO) Stock

Winnebago Industries, Inc. (NYSE:WGO) CEO Michael J. Happe acquired 2,500 shares of Winnebago Industries stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the purchase, the chief executive officer now directly owns 285,953 shares in the company, valued at $15,876,110.56. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $57.48 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. Winnebago Industries, Inc. has a 52 week low of $49.68 and a 52 week high of $75.42. The company has a market capitalization of $1.66 billion, a P/E ratio of 191.61 and a beta of 1.61. The company’s 50 day moving average price is $57.69 and its two-hundred day moving average price is $58.36.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The business had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. During the same quarter last year, the business earned $1.59 earnings per share. Winnebago Industries’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts expect that Winnebago Industries, Inc. will post 3.72 earnings per share for the current fiscal year.

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 issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.37%. Winnebago Industries’s dividend payout ratio (DPR) is 453.35%.

Wall Street Analysts Forecast Growth

WGO has been the topic of several recent analyst reports. BMO Capital Markets 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 Thursday, October 24th. Citigroup lifted their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Truist Financial reduced their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Benchmark dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and a consensus target price of $67.14.

Institutional Trading of Winnebago Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after purchasing an additional 316 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares during the last quarter. Innealta Capital LLC acquired a new position in Winnebago Industries during the second quarter worth $45,000. EntryPoint Capital LLC acquired a new position in Winnebago Industries during the first quarter worth $75,000. Finally, nVerses Capital LLC acquired a new position in Winnebago Industries during the second quarter worth $76,000.

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.