Michael J. Happe Acquires 2,500 Shares of Winnebago Industries, Inc. (NYSE:WGO) Stock

Winnebago Industries, Inc. (NYSE:WGO) 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 bought at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the purchase, the chief executive officer now directly owns 285,953 shares in the company, valued at $15,876,110.56. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Winnebago Industries Trading Up 3.5 %

Shares of WGO stock traded up $1.96 on Tuesday, hitting $57.56. The stock had a trading volume of 200,193 shares, compared to its average volume of 573,642. The company’s 50 day moving average price is $57.67 and its 200-day moving average price is $58.41. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42. The firm has a market capitalization of $1.66 billion, a P/E ratio of 185.61 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36.

Winnebago Industries (NYSE:WGO) last released its earnings results 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). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company had revenue of $720.90 million during the quarter, compared to analysts’ expectations of $718.72 million. During the same quarter last year, the business posted $1.59 earnings per share. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. Analysts anticipate that Winnebago Industries, Inc. will post 3.72 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 25th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, September 11th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio (DPR) is 453.35%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WGO. Benchmark reduced their price target on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup upped their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, July 12th. Truist Financial cut their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, BMO Capital Markets decreased their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Winnebago Industries presently has an average rating of “Moderate Buy” and an average price target of $67.14.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WGO. Pacer Advisors Inc. grew its position in shares of Winnebago Industries by 47.8% during the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after acquiring an additional 463,257 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Winnebago Industries by 13.8% in the second quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock valued at $61,918,000 after purchasing an additional 138,327 shares during the period. Broad Peak Investment Holdings Ltd. increased its stake in Winnebago Industries by 20.0% in the first quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company’s stock valued at $64,948,000 after purchasing an additional 146,000 shares during the period. American Century Companies Inc. raised its holdings in shares of Winnebago Industries by 8.8% in the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock valued at $46,697,000 after buying an additional 69,453 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Winnebago Industries by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 376,829 shares of the construction company’s stock worth $20,424,000 after buying an additional 1,681 shares during the period.

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.