State of Alaska Department of Revenue Has $960,000 Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

State of Alaska Department of Revenue cut its stake in Winnebago Industries, Inc. (NYSE:WGO) by 3.8% in the third quarter, Holdings Channel.com reports. The firm owned 16,524 shares of the construction company’s stock after selling 661 shares during the quarter. State of Alaska Department of Revenue’s holdings in Winnebago Industries were worth $960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bayesian Capital Management LP acquired a new position in Winnebago Industries in the 1st quarter worth $681,000. Duality Advisers LP acquired a new position in Winnebago Industries in the 1st quarter worth $1,212,000. 1832 Asset Management L.P. boosted its stake in Winnebago Industries by 484.1% in 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. Quest Partners LLC boosted its stake in shares of Winnebago Industries by 3,334.2% during the 2nd quarter. Quest Partners LLC now owns 17,583 shares of the construction company’s stock worth $953,000 after buying an additional 17,071 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Winnebago Industries during the 2nd quarter worth about $670,000.

Insider Buying and Selling

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 transaction, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael J. Happe purchased 2,500 shares of the stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the transaction, the chief executive officer now owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.75% of the stock is owned by corporate insiders.

Winnebago Industries Trading Up 3.5 %

WGO opened at $58.19 on Wednesday. Winnebago Industries, Inc. has a 1-year low of $49.68 and a 1-year high of $75.42. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.68 billion, a P/E ratio of 193.97 and a beta of 1.60. The company has a fifty day moving average price of $57.50 and a two-hundred day moving average price of $58.21.

Winnebago Industries (NYSE:WGO) last issued 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). The business had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.59 earnings per share. Analysts predict that Winnebago Industries, Inc. will post 3.67 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.34%. Winnebago Industries’s payout ratio is 453.35%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WGO. 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. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Truist Financial reduced their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Citigroup increased 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.14.

Winnebago Industries Company 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.