Brandywine Global Investment Management LLC Cuts Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Brandywine Global Investment Management LLC reduced its stake in Winnebago Industries, Inc. (NYSE:WGO) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,328 shares of the construction company’s stock after selling 3,312 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Winnebago Industries were worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its position 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 valued at $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Winnebago Industries by 1,242.6% in the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after acquiring an additional 168,055 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Winnebago Industries in the 3rd quarter worth approximately $7,750,000. LHM Inc. bought a new position in shares of Winnebago Industries during the 4th quarter valued at $6,077,000. Finally, Edgestream Partners L.P. purchased a new position in Winnebago Industries in the 4th quarter worth $4,602,000.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now directly owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin E. Bryant bought 4,200 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the purchase, the director now owns 13,755 shares of the company’s stock, valued at approximately $469,320.60. The trade was a 43.96 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $35.85 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries, Inc. has a 1 year low of $33.59 and a 1 year high of $72.15. The company’s 50-day moving average is $40.67 and its 200 day moving average is $50.17. The stock has a market capitalization of $1.00 billion, a P/E ratio of -54.32 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. On average, sell-side analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.79%. Winnebago Industries’s payout ratio is -544.00%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Truist Financial cut their price target on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, March 28th. KeyCorp reduced their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. DA Davidson lowered their price objective 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 decreased their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Finally, Citigroup dropped their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and an average target price of $56.89.

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.