Olstein Capital Management L.P. Sells 14,000 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Olstein Capital Management L.P. lessened its stake in Winnebago Industries, Inc. (NYSE:WGO) by 24.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 43,000 shares of the construction company’s stock after selling 14,000 shares during the period. Olstein Capital Management L.P.’s holdings in Winnebago Industries were worth $2,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1832 Asset Management L.P. boosted its holdings in Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after acquiring an additional 832,187 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after buying an additional 463,257 shares during the period. Millennium Management LLC boosted its position in Winnebago Industries by 1,772.8% during the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after acquiring an additional 199,264 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Winnebago Industries during the 2nd quarter worth about $9,708,000. Finally, Marshall Wace LLP bought a new position in shares of Winnebago Industries in the 2nd quarter worth about $7,976,000.

Winnebago Industries Trading Down 0.2 %

Shares of NYSE WGO traded down $0.11 during mid-day trading on Thursday, hitting $61.53. The stock had a trading volume of 20,471 shares, compared to its average volume of 581,248. The firm has a market cap of $1.78 billion, a P/E ratio of 205.37 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The business has a 50 day moving average price of $57.49 and a two-hundred day moving average price of $58.21. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). The firm had revenue of $720.90 million during the quarter, compared to analysts’ expectations of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. Winnebago Industries’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 EPS. On average, equities analysts anticipate that Winnebago Industries, Inc. will post 3.67 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, September 11th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio is currently 453.35%.

Analysts Set New Price Targets

Several research firms recently commented on WGO. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Robert W. Baird reduced their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Truist Financial cut their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Citigroup boosted their target price on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and an average target price of $67.14.

Insider Buying and Selling

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the sale, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. The trade was a 0.00 % 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, CEO Michael J. Happe purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the purchase, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.75% of the stock is currently owned by insiders.

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.