Winnebago Industries, Inc. (NYSE:WGO) CEO Michael J. Happe Purchases 2,500 Shares of Stock

Winnebago Industries, Inc. (NYSE:WGO) CEO Michael J. Happe acquired 2,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Winnebago Industries Stock Up 3.4 %

Shares of WGO opened at $57.48 on Wednesday. The business’s fifty day moving average price is $57.69 and its two-hundred day moving average price is $58.36. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 191.61 and a beta of 1.61. Winnebago Industries, Inc. has a 52 week low of $49.68 and a 52 week high of $75.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.61). The firm had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. Winnebago Industries’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 EPS. On average, analysts predict that Winnebago Industries, Inc. will post 3.72 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently announced 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 2.37%. The ex-dividend date was Wednesday, September 11th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio (DPR) is 453.35%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Truist Financial dropped their target price 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. BMO Capital Markets cut their target price 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. Citigroup increased their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Benchmark decreased their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.14.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WGO. 1832 Asset Management L.P. boosted its stake in shares of 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 valued at $74,302,000 after purchasing an additional 832,187 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after purchasing an additional 463,257 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Winnebago Industries by 1,772.8% in the 2nd 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 shares of Winnebago Industries in the 2nd quarter valued at about $9,708,000. Finally, Marshall Wace LLP bought a new position in shares of Winnebago Industries in the 2nd quarter valued at about $7,976,000.

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.