Winnebago Industries, Inc. $WGO Stake Cut by Pzena Investment Management LLC

Pzena Investment Management LLC reduced its stake in Winnebago Industries, Inc. (NYSE:WGO) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,685,995 shares of the RV manufacturer’s stock after selling 23,536 shares during the quarter. Pzena Investment Management LLC owned approximately 5.93% of Winnebago Industries worth $44,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WGO. GAMMA Investing LLC raised its holdings in shares of Winnebago Industries by 145.2% during the 3rd quarter. GAMMA Investing LLC now owns 954 shares of the RV manufacturer’s stock worth $25,000 after acquiring an additional 565 shares during the period. Allworth Financial LP purchased a new position in Winnebago Industries during the second quarter worth about $33,000. Versant Capital Management Inc raised its stake in Winnebago Industries by 365.6% during the third quarter. Versant Capital Management Inc now owns 1,313 shares of the RV manufacturer’s stock worth $35,000 after purchasing an additional 1,031 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Winnebago Industries during the second quarter worth about $74,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Winnebago Industries during the second quarter worth about $91,000.

Wall Street Analysts Forecast Growth

WGO has been the subject of several analyst reports. Truist Financial dropped their price target on shares of Winnebago Industries from $43.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Citigroup lifted their price target on shares of Winnebago Industries from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Wall Street Zen raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Zacks Research cut Winnebago Industries from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, BMO Capital Markets decreased their price objective on Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, October 22nd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Winnebago Industries presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Winnebago Industries Stock Up 7.9%

Shares of NYSE:WGO opened at $34.06 on Thursday. The company has a market capitalization of $968.55 million, a price-to-earnings ratio of 28.15 and a beta of 1.21. Winnebago Industries, Inc. has a 12-month low of $21.95 and a 12-month high of $50.16. The business has a 50-day moving average price of $27.53 and a 200 day moving average price of $32.61. The company has a current ratio of 2.17, a quick ratio of 1.04 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 EPS for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. Sell-side analysts expect that Winnebago Industries, Inc. will post 1.94 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were paid a $0.36 dividend. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.2%. Winnebago Industries’s payout ratio is presently 119.01%.

Insider Buying and Selling

In other news, SVP Bret Woodson sold 1,235 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total value of $39,186.55. Following the transaction, the senior vice president directly owned 31,373 shares in the company, valued at approximately $995,465.29. This represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Happe sold 12,045 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the transaction, the chief executive officer owned 349,349 shares in the company, valued at approximately $11,416,725.32. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,694 shares of company stock worth $511,658 over the last three months. Insiders own 4.88% of the company’s stock.

About Winnebago Industries

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.

Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.

Founded in 1958, the company is headquartered in Forest City, Iowa.