Brandywine Global Investment Management LLC Has $3.50 Million Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Brandywine Global Investment Management LLC cut its position in Winnebago Industries, Inc. (NYSE:WGO) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,328 shares of the construction company’s stock after selling 3,312 shares during the period. Brandywine Global Investment Management LLC owned 0.26% of Winnebago Industries worth $3,504,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pictet Asset Management Holding SA acquired a new stake in Winnebago Industries in the 4th quarter valued at $217,000. Norges Bank bought a new stake in shares of Winnebago Industries during the fourth quarter worth about $2,890,000. Vanguard Group Inc. raised its holdings in shares of Winnebago Industries by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock worth $104,250,000 after acquiring an additional 48,517 shares during the last quarter. LPL Financial LLC lifted its position in Winnebago Industries by 6.2% in the 4th quarter. LPL Financial LLC now owns 17,733 shares of the construction company’s stock valued at $847,000 after acquiring an additional 1,038 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Winnebago Industries during the 4th quarter valued at about $311,000.

Winnebago Industries Trading Up 3.9 %

Shares of Winnebago Industries stock opened at $35.85 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The stock has a market capitalization of $1.00 billion, a P/E ratio of -54.32 and a beta of 1.70. Winnebago Industries, Inc. has a 52-week low of $33.59 and a 52-week high of $72.15. The stock’s 50-day simple moving average is $40.67 and its 200 day simple moving average is $50.17.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting 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 company had revenue of $620.20 million for the quarter, compared to analysts’ expectations of $621.41 million. During the same period in the prior year, the company posted $0.93 EPS. Winnebago Industries’s revenue was down 11.9% compared to the same quarter last year. As a group, research analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is presently -544.00%.

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were 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 represents a 12.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin E. Bryant bought 4,200 shares of the stock in a transaction on Monday, March 31st. The stock was purchased at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the purchase, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. This represents a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WGO shares. KeyCorp lowered their price objective on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Benchmark dropped their price objective on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. Citigroup reduced their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Truist Financial dropped their price target on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and a consensus price target of $56.89.

Winnebago Industries 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.