Exchange Traded Concepts LLC Raises Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Exchange Traded Concepts LLC boosted its position in Winnebago Industries, Inc. (NYSE:WGO) by 9.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,713 shares of the construction company’s stock after purchasing an additional 506 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Winnebago Industries were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of Winnebago Industries in the third quarter worth $7,750,000. Vestcor Inc increased its stake in Winnebago Industries by 105.6% in the 3rd quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after acquiring an additional 8,837 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Winnebago Industries by 94.5% in the 3rd quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock valued at $3,736,000 after acquiring an additional 31,242 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after acquiring an additional 173,274 shares during the last quarter. Finally, Entropy Technologies LP boosted its position in shares of Winnebago Industries by 89.2% during the 3rd quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock valued at $1,084,000 after acquiring an additional 8,796 shares during the last quarter.

Winnebago Industries Trading Down 1.2 %

Shares of WGO stock opened at $47.83 on Friday. The business has a 50-day moving average of $51.28 and a 200 day moving average of $55.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries, Inc. has a 1-year low of $45.44 and a 1-year high of $74.10. The stock has a market capitalization of $1.36 billion, a PE ratio of -72.47 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. During the same period last year, the company posted $1.06 EPS. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.84%. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Wall Street Analyst Weigh In

WGO has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $70.00 price objective on shares of Winnebago Industries in a research report on Monday, December 23rd. KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target on the stock in a report on Wednesday, January 8th. Northcoast Research raised shares of 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. Truist Financial reduced their target price on Winnebago Industries from $64.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.78.

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.