Price T Rowe Associates Inc. MD Has $1.22 Million Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 8.7% in the fourth quarter, HoldingsChannel reports. The fund owned 25,576 shares of the construction company’s stock after buying an additional 2,054 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Winnebago Industries were worth $1,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Winnebago Industries by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock valued at $104,250,000 after buying an additional 48,517 shares during the period. First Trust Advisors LP increased its stake in shares of Winnebago Industries by 40.6% in the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after acquiring an additional 474,273 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Winnebago Industries by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock worth $29,889,000 after acquiring an additional 50,634 shares in the last quarter. William Blair Investment Management LLC boosted its position in Winnebago Industries by 2.1% during the fourth quarter. William Blair Investment Management LLC now owns 494,151 shares of the construction company’s stock valued at $23,611,000 after purchasing an additional 10,202 shares during the last quarter. Finally, Barclays PLC grew its stake in Winnebago Industries by 494.5% in the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after purchasing an additional 245,131 shares in the last quarter.

Insider Transactions at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin E. Bryant purchased 4,200 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of $34.12 per share, with a total value of $143,304.00. Following the acquisition, the director now owns 13,755 shares of the company’s stock, valued at $469,320.60. This represents a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. KeyCorp reduced their price target on Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Truist Financial cut their price target on shares of Winnebago Industries from $50.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, April 14th. DA Davidson upgraded shares of Winnebago Industries to a “hold” rating in a report on Monday, April 14th. Benchmark reduced their price target on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Finally, Citigroup lowered their price objective on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.89.

Winnebago Industries Stock Performance

NYSE:WGO opened at $34.06 on Friday. The firm’s 50-day moving average is $33.35 and its 200-day moving average is $45.02. The company has a market cap of $954.53 million, a price-to-earnings ratio of -51.61 and a beta of 1.12. 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, Inc. has a 52-week low of $28.29 and a 52-week high of $66.05.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS 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 firm had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. During the same quarter in the prior year, the firm posted $0.93 EPS. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. Equities research analysts anticipate 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 was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is presently -544.00%.

Winnebago Industries Company 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.