MQS Management LLC bought a new position in Winnebago Industries, Inc. (NYSE:WGO – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 7,158 shares of the RV manufacturer’s stock, valued at approximately $208,000.
Other large investors also recently bought and sold shares of the company. Signaturefd LLC purchased a new position in Winnebago Industries during the 1st quarter valued at about $31,000. Farther Finance Advisors LLC lifted its position in Winnebago Industries by 53.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,107 shares of the RV manufacturer’s stock valued at $32,000 after acquiring an additional 385 shares during the period. GAMMA Investing LLC lifted its position in Winnebago Industries by 62.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,123 shares of the RV manufacturer’s stock valued at $33,000 after acquiring an additional 433 shares during the period. State of Wyoming purchased a new position in Winnebago Industries during the 1st quarter valued at about $47,000. Finally, Allworth Financial LP lifted its position in Winnebago Industries by 61.5% during the 1st quarter. Allworth Financial LP now owns 1,663 shares of the RV manufacturer’s stock valued at $55,000 after acquiring an additional 633 shares during the period.
Winnebago Industries Stock Performance
Shares of WGO stock opened at $40.69 on Wednesday. The company has a 50 day moving average price of $34.38 and a 200-day moving average price of $33.02. Winnebago Industries, Inc. has a 52 week low of $28.00 and a 52 week high of $65.65. The firm has a market capitalization of $1.15 billion, a PE ratio of 44.72 and a beta of 1.14. The company has a quick ratio of 1.21, a current ratio of 2.42 and a debt-to-equity ratio of 0.44.
Winnebago Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a $0.35 dividend. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, September 10th. Winnebago Industries’s dividend payout ratio (DPR) is presently 153.85%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on WGO shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Winnebago Industries in a research report on Wednesday, October 8th. Citigroup raised their price objective on shares of Winnebago Industries from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Zacks Research raised shares of Winnebago Industries from a “strong sell” rating to a “hold” rating in a report on Friday, October 24th. BMO Capital Markets lifted their target price on shares of Winnebago Industries from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, DA Davidson lifted their target price on shares of Winnebago Industries from $32.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.78.
Read Our Latest Analysis on WGO
Insider Activity at Winnebago Industries
In other Winnebago Industries news, Director Sara E. Armbruster bought 2,700 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average cost of $40.27 per share, for a total transaction of $108,729.00. Following the completion of the transaction, the director owned 14,426 shares of the company’s stock, valued at $580,935.02. This represents a 23.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.63% of the stock is owned by corporate insiders.
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.
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