Russell Investments Group Ltd. purchased a new position in Winnebago Industries, Inc. (NYSE:WGO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 57,922 shares of the construction company’s stock, valued at approximately $1,836,000. Russell Investments Group Ltd. owned 0.18% of Winnebago Industries as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new position in Winnebago Industries during the third quarter worth $100,000. Gendell Jeffrey L boosted its position in Winnebago Industries by 18.0% in the third quarter. Gendell Jeffrey L now owns 364,843 shares of the construction company’s stock worth $8,599,000 after buying an additional 55,729 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Winnebago Industries by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 507,075 shares of the construction company’s stock worth $11,952,000 after buying an additional 7,995 shares during the last quarter. LSV Asset Management boosted its position in Winnebago Industries by 35.4% in the third quarter. LSV Asset Management now owns 115,900 shares of the construction company’s stock worth $2,731,000 after buying an additional 30,300 shares during the last quarter. Finally, Boston Partners raised its stake in Winnebago Industries by 7.3% in the third quarter. Boston Partners now owns 242,056 shares of the construction company’s stock valued at $5,705,000 after buying an additional 16,573 shares during the period. 83.36% of the stock is owned by institutional investors.
Winnebago Industries, Inc. (NYSE:WGO) traded up 0.57% on Friday, reaching $26.25. The company had a trading volume of 329,278 shares. Winnebago Industries, Inc. has a 52-week low of $20.19 and a 52-week high of $39.30. The stock has a 50 day moving average price of $28.62 and a 200 day moving average price of $31.00. The stock has a market capitalization of $829.13 million, a PE ratio of 13.64 and a beta of 1.95.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. Winnebago Industries’s dividend payout ratio (DPR) is 22.35%.
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WGO has been the subject of several research reports. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, December 23rd. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating in a research report on Thursday, March 23rd. Griffin Securities restated a “buy” rating on shares of Winnebago Industries in a research report on Thursday, March 23rd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $29.00 price target (down from $40.00) on shares of Winnebago Industries in a research report on Friday, March 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Winnebago Industries presently has a consensus rating of “Buy” and an average price target of $33.00.
In other Winnebago Industries news, Director Richard D. Moss purchased 1,500 shares of the company’s stock in a transaction dated Monday, January 23rd. The shares were bought at an average price of $30.74 per share, for a total transaction of $46,110.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $30,740. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian Daniel Hazelton purchased 2,278 shares of the company’s stock in a transaction dated Monday, April 10th. The shares were acquired at an average price of $26.27 per share, for a total transaction of $59,843.06. Following the purchase, the vice president now owns 13,278 shares in the company, valued at $348,813.06. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 8,278 shares of company stock worth $224,603. 1.50% of the stock is currently owned by company insiders.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
