JPMorgan Chase & Co. Increases Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

JPMorgan Chase & Co. boosted its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 25.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 855,507 shares of the construction company’s stock after acquiring an additional 173,274 shares during the period. JPMorgan Chase & Co.’s holdings in Winnebago Industries were worth $49,714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC grew its position in shares of Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after purchasing an additional 245 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after buying an additional 286 shares during the period. Commonwealth Equity Services LLC grew its position in Winnebago Industries by 5.0% during the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock worth $333,000 after buying an additional 294 shares in the last quarter. GAMMA Investing LLC grew its position in Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after buying an additional 316 shares in the last quarter. Finally, Lakewood Asset Management LLC increased its stake in Winnebago Industries by 7.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 5,378 shares of the construction company’s stock worth $313,000 after acquiring an additional 355 shares during the last quarter.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the transaction, the senior vice president now directly owns 23,728 shares in the company, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. Happe purchased 2,500 shares of Winnebago Industries stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the transaction, the chief executive officer now owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. This represents a 0.88 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company’s stock.

Winnebago Industries Price Performance

NYSE:WGO opened at $49.81 on Friday. The business’s 50-day simple moving average is $55.81 and its two-hundred day simple moving average is $56.56. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50. Winnebago Industries, Inc. has a 52 week low of $45.44 and a 52 week high of $74.10. The stock has a market cap of $1.41 billion, a PE ratio of 166.04 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The firm’s revenue was down 18.0% compared to the same quarter last year. As a group, analysts forecast that Winnebago Industries, Inc. will post 3.52 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

Wall Street Analyst Weigh In

WGO has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. DA Davidson lowered their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Truist Financial dropped their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.63.

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.