Bryce Point Capital LLC Makes New Investment in Winnebago Industries, Inc. (NYSE:WGO)

Bryce Point Capital LLC acquired a new stake in Winnebago Industries, Inc. (NYSE:WGO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,800 shares of the construction company’s stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WGO. Smartleaf Asset Management LLC raised its position in Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after purchasing an additional 390 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Winnebago Industries during the fourth quarter worth approximately $43,000. Quarry LP raised its holdings in Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after acquiring an additional 848 shares in the last quarter. KBC Group NV lifted its stake in Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after acquiring an additional 587 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in Winnebago Industries by 129.0% during the 4th quarter. Headlands Technologies LLC now owns 2,029 shares of the construction company’s stock worth $97,000 after acquiring an additional 1,143 shares in the last quarter.

Winnebago Industries Trading Up 3.9 %

WGO opened at $35.85 on Thursday. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. Winnebago Industries, Inc. has a 52 week low of $33.59 and a 52 week high of $72.15. The business’s 50 day moving average is $40.67 and its two-hundred day moving average is $50.17. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -54.32 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. During the same period last year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. On average, research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.79%. Winnebago Industries’s payout ratio is -544.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WGO shares. Citigroup decreased their price objective on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. BMO Capital Markets decreased their price target on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Truist Financial lowered their price objective on Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, March 28th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, KeyCorp lowered their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Winnebago Industries presently has an average rating of “Moderate Buy” and a consensus target price of $56.89.

Insider Transactions at Winnebago Industries

In other news, Director Kevin E. Bryant acquired 4,200 shares of the company’s stock in a transaction on Monday, March 31st. The shares were bought at an average cost of $34.12 per share, with a total value of $143,304.00. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jacqueline D. Woods sold 1,503 shares of the firm’s 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 completion of the sale, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.63% of the company’s stock.

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.