Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) SVP Stacy Bogart sold 14,146 shares of the company's stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $33.73, for a total transaction of $477,144.58. Following the completion of the transaction, the senior vice president owned 69,821 shares of the company's stock, valued at approximately $2,355,062.33. This trade represents a 16.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Winnebago Industries Stock Performance
Winnebago Industries stock opened at $31.32 on Friday. The stock's 50-day moving average is $27.60 and its 200-day moving average is $32.46. Winnebago Industries, Inc. has a 12 month low of $21.95 and a 12 month high of $50.16. The company has a market cap of $890.77 million, a price-to-earnings ratio of 25.89 and a beta of 1.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.17 and a quick ratio of 1.04.
Winnebago Industries (NYSE:WGO - Get Free Report) last posted its earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share (EPS) for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. Equities analysts anticipate that Winnebago Industries, Inc. will post 1.94 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 23rd. Investors of record on Wednesday, September 9th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Wednesday, September 9th. This is a boost from Winnebago Industries's previous quarterly dividend of $0.35. Winnebago Industries's dividend payout ratio is 119.01%.
Analyst Ratings Changes
WGO has been the subject of several research analyst reports. Zacks Research downgraded Winnebago Industries from a "hold" rating to a "strong sell" rating in a research note on Monday, November 2nd. Citigroup raised their target price on Winnebago Industries from $24.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, October 22nd. Wall Street Zen downgraded shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Saturday. Raymond James Financial restated a "market perform" rating on shares of Winnebago Industries in a report on Wednesday, October 21st. Finally, Weiss Ratings cut shares of Winnebago Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $35.00.
View Our Latest Report on Winnebago Industries
Institutional Trading of Winnebago Industries
A number of institutional investors have recently bought and sold shares of WGO. Pzena Investment Management LLC bought a new position in Winnebago Industries in the 2nd quarter worth approximately $53,406,000. Dimensional Fund Advisors LP increased its holdings in Winnebago Industries by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer's stock worth $48,968,000 after purchasing an additional 129,228 shares in the last quarter. Maple Rock Capital Partners Inc. grew its stake in Winnebago Industries by 33.3% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer's stock worth $48,710,000 after buying an additional 389,400 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Winnebago Industries by 72.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer's stock worth $20,597,000 after purchasing an additional 280,017 shares during the period. Finally, William Blair Investment Management LLC purchased a new stake in shares of Winnebago Industries during the second quarter worth about $9,545,000.
About Winnebago Industries
(
Get Free Report)
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.
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