Winnebago Industries, Inc. (NYSE:WGO) Director Kevin E. Bryant Purchases 4,200 Shares

Winnebago Industries, Inc. (NYSE:WGO) Director Kevin E. Bryant bought 4,200 shares of the business’s stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the acquisition, the director now directly owns 13,755 shares of the company’s stock, valued at $469,320.60. The trade was a 43.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Winnebago Industries Stock Performance

Shares of NYSE WGO opened at $32.83 on Friday. Winnebago Industries, Inc. has a 1 year low of $30.61 and a 1 year high of $71.31. The firm has a market cap of $920.09 million, a P/E ratio of -49.74 and a beta of 1.70. The stock has a fifty day moving average price of $40.08 and a two-hundred day moving average price of $49.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58.

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

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries’s payout ratio is -544.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WGO. Smartleaf Asset Management LLC boosted its stake in shares of Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after acquiring an additional 390 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Winnebago Industries by 304.9% in the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock valued at $28,000 after purchasing an additional 622 shares during the period. R Squared Ltd purchased a new position in Winnebago Industries in the 4th quarter worth about $43,000. Sterling Capital Management LLC raised its holdings in Winnebago Industries by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock worth $43,000 after buying an additional 807 shares during the period. Finally, Quarry LP lifted its stake in Winnebago Industries by 4,038.1% during the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup reduced their price objective on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Robert W. Baird lowered shares of Winnebago Industries from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $38.00 in a research report on Friday. DA Davidson cut their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. KeyCorp decreased their target price on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Finally, StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.00.

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.