Creative Planning Increases Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Creative Planning increased its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 21.7% during the 3rd quarter, Holdings Channel reports. The firm owned 9,880 shares of the construction company’s stock after purchasing an additional 1,760 shares during the quarter. Creative Planning’s holdings in Winnebago Industries were worth $574,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. 1832 Asset Management L.P. raised its stake in shares of Winnebago Industries by 484.1% during 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 purchasing an additional 832,187 shares during the period. Pacer Advisors Inc. increased its stake in shares of Winnebago Industries by 47.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after purchasing an additional 463,257 shares during the last quarter. Millennium Management LLC lifted its stake in Winnebago Industries by 1,772.8% in the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after purchasing an additional 199,264 shares during the last quarter. Edgestream Partners L.P. bought a new position in Winnebago Industries during the second quarter valued at $9,708,000. Finally, Marshall Wace LLP purchased a new stake in Winnebago Industries in the second quarter worth $7,976,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Truist Financial dropped their price objective on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Citigroup lifted their target price on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, July 12th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird reduced their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.14.

Winnebago Industries Price Performance

NYSE WGO opened at $56.21 on Tuesday. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42. The stock has a 50-day moving average of $57.59 and a 200 day moving average of $58.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 187.37 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). The company had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.59 EPS. On average, sell-side analysts forecast that Winnebago Industries, Inc. will post 3.67 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.42%. This is a positive change 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 453.33%.

Insider Buying and Selling

In other news, Director William C. Fisher acquired 2,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were purchased at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the transaction, the director now directly owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, the senior vice president now owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William C. Fisher purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average cost of $54.81 per share, with a total value of $109,620.00. Following the completion of the purchase, the director now owns 32,267 shares in the company, valued at $1,768,554.27. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.75% of the stock is owned by insiders.

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.