Illinois Municipal Retirement Fund Reduces Stake in Winnebago Industries, Inc. (NYSE:WGO)

Illinois Municipal Retirement Fund reduced its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,908 shares of the construction company’s stock after selling 528 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Winnebago Industries were worth $760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning increased its position in shares of Winnebago Industries by 21.7% during the 3rd quarter. Creative Planning now owns 9,880 shares of the construction company’s stock valued at $574,000 after purchasing an additional 1,760 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Winnebago Industries by 5,711.3% during the third quarter. International Assets Investment Management LLC now owns 8,717 shares of the construction company’s stock worth $507,000 after buying an additional 8,567 shares during the period. DekaBank Deutsche Girozentrale increased its position in Winnebago Industries by 196.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after acquiring an additional 989 shares during the last quarter. Entropy Technologies LP raised its stake in shares of Winnebago Industries by 89.2% in the third quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock valued at $1,084,000 after acquiring an additional 8,796 shares during the period. Finally, Savvy Advisors Inc. bought a new stake in shares of Winnebago Industries in the 3rd quarter worth about $211,000.

Winnebago Industries Trading Down 2.9 %

Shares of NYSE WGO opened at $39.23 on Tuesday. Winnebago Industries, Inc. has a twelve month low of $39.18 and a twelve month high of $74.10. The firm has a market cap of $1.11 billion, a PE ratio of -59.44 and a beta of 1.62. The business has a fifty day simple moving average of $46.11 and a two-hundred day simple moving average of $53.59. 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 (NYSE:WGO) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. During the same period last year, the company earned $1.06 earnings per share. The firm’s revenue was down 18.0% compared to the same quarter last year. Analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.47%. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Analysts Set New Price Targets

Several equities analysts recently commented on WGO shares. Truist Financial upped their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday, February 10th. KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target on the stock in a report on Wednesday, January 8th. Benchmark restated a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, November 11th. Finally, DA Davidson decreased their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Insider Activity at Winnebago Industries

In other Winnebago Industries 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 of the company’s stock, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.63% of the stock is currently owned by corporate insiders.

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.