Winnebago Industries, Inc. (NYSE:WGO) Shares Purchased by TT International Asset Management LTD

TT International Asset Management LTD increased its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,676 shares of the construction company’s stock after purchasing an additional 5,773 shares during the quarter. Winnebago Industries accounts for approximately 0.4% of TT International Asset Management LTD’s investment portfolio, making the stock its 28th largest holding. TT International Asset Management LTD owned 0.21% of Winnebago Industries worth $2,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its holdings in Winnebago Industries by 15.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,638 shares of the construction company’s stock valued at $508,000 after acquiring an additional 1,417 shares during the period. JPMorgan Chase & Co. raised its stake 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 worth $49,714,000 after buying an additional 173,274 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Winnebago Industries during the 3rd quarter worth approximately $333,000. Sanctuary Advisors LLC raised its stake 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 worth $416,000 after buying an additional 245 shares during the period. Finally, Vestcor Inc increased its position in shares of Winnebago Industries by 105.6% during the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after purchasing an additional 8,837 shares in the last quarter.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock opened at $46.35 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 154.51 and a beta of 1.62. The business has a 50-day moving average of $54.95 and a 200 day moving average of $56.37. Winnebago Industries, Inc. has a 12 month low of $45.44 and a 12 month high of $74.10.

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

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.93%. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

Analyst Ratings Changes

Several analysts recently commented on the company. DA Davidson dropped their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. BMO Capital Markets dropped their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, November 11th. Benchmark restated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. Finally, StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Winnebago Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.78.

Insiders Place Their Bets

In related news, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was 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 of the company’s stock, valued at $1,343,953.92. This represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael J. Happe purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was acquired 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 directly owns 285,953 shares of the company’s stock, valued at $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

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.