Burney Co. Decreases Position in Winnebago Industries, Inc. (NYSE:WGO)

Burney Co. trimmed its stake in Winnebago Industries, Inc. (NYSE:WGO) by 40.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,115 shares of the construction company’s stock after selling 26,892 shares during the period. Burney Co. owned approximately 0.14% of Winnebago Industries worth $2,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WGO. International Assets Investment Management LLC boosted its stake in shares of Winnebago Industries by 7,188.0% during the 4th quarter. International Assets Investment Management LLC now owns 10,932 shares of the construction company’s stock worth $797,000 after purchasing an additional 10,782 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Winnebago Industries by 29.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,355 shares of the construction company’s stock valued at $536,000 after buying an additional 1,660 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Winnebago Industries in the fourth quarter worth approximately $30,000. Russell Investments Group Ltd. raised its holdings in shares of Winnebago Industries by 22.9% in the fourth quarter. Russell Investments Group Ltd. now owns 22,109 shares of the construction company’s stock worth $1,611,000 after buying an additional 4,123 shares during the period. Finally, Principal Securities Inc. purchased a new position in Winnebago Industries during the 4th quarter valued at $39,000.

Insiders Place Their Bets

In related news, SVP Stacy L. Bogart sold 3,333 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total transaction of $193,247.34. Following the completion of the transaction, the senior vice president now owns 41,315 shares in the company, valued at approximately $2,395,443.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.75% of the stock is currently owned by corporate insiders.

Winnebago Industries Stock Up 0.3 %

Shares of NYSE WGO traded up $0.15 during midday trading on Thursday, reaching $59.77. 184,496 shares of the company’s stock traded hands, compared to its average volume of 568,936. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 23.02 and a beta of 1.66. The stock’s 50 day simple moving average is $56.52 and its 200-day simple moving average is $61.84. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). The company had revenue of $786.00 million for the quarter, compared to the consensus estimate of $798.26 million. Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The firm’s revenue was down 12.7% compared to the same quarter last year. During the same period last year, the business posted $2.13 EPS. On average, analysts predict that Winnebago Industries, Inc. will post 4.19 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.28%. The ex-dividend date is Wednesday, September 11th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s payout ratio is 52.51%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WGO shares. Truist Financial reduced their target price on Winnebago Industries from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Roth Mkm decreased their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, June 21st. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Robert W. Baird lowered their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.57.

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.