State Board of Administration of Florida Retirement System cut its position in Winnebago Industries, Inc. (NYSE:WGO) by 4.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 29,435 shares of the construction company’s stock after selling 1,298 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.09% of Winnebago Industries worth $932,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in WGO. Victory Capital Management Inc. purchased a new stake in Winnebago Industries during the third quarter valued at approximately $100,000. Gendell Jeffrey L raised its stake in Winnebago Industries by 18.0% in the third quarter. Gendell Jeffrey L now owns 364,843 shares of the construction company’s stock valued at $8,599,000 after buying an additional 55,729 shares during the period. Bank of New York Mellon Corp raised its stake 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 valued at $11,952,000 after buying an additional 7,995 shares during the period. Artemis Investment Management LLP purchased a new stake in Winnebago Industries during the fourth quarter valued at approximately $4,390,000. Finally, LSV Asset Management raised its stake in Winnebago Industries by 35.4% in the third quarter. LSV Asset Management now owns 115,900 shares of the construction company’s stock valued at $2,731,000 after buying an additional 30,300 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. The stock has a 50 day moving average price of $28.62 and a 200 day moving average price of $31.00. Winnebago Industries, Inc. has a 52-week low of $20.19 and a 52-week high of $39.30. The stock has a market capitalization of $829.13 million, a PE ratio of 13.64 and a beta of 1.95.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be paid a $0.10 dividend. The ex-dividend date is Monday, April 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. Winnebago Industries’s payout ratio is presently 22.35%.
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WGO has been the subject of a number of analyst reports. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report 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 related news, Director David W. Miles purchased 2,000 shares of Winnebago Industries stock in a transaction on Tuesday, April 11th. The stock was purchased at an average cost of $25.65 per share, with a total value of $51,300.00. Following the acquisition, the director now directly owns 3,600 shares in the company, valued at $92,340. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard D. Moss purchased 1,500 shares of Winnebago Industries stock in a transaction on Monday, January 23rd. The stock was bought at an average cost of $30.74 per share, with a total value of $46,110.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $30,740. The disclosure for this purchase can be found here. Insiders purchased a total of 8,278 shares of company stock worth $224,603 over the last quarter. 1.50% of the stock is currently owned by company insiders.
Winnebago Industries Company Profile
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.
