Insider Buying: Winnebago Industries, Inc. (NYSE:WGO) Director Buys $143,304.00 in Stock

Winnebago Industries, Inc. (NYSE:WGO) Director Kevin E. Bryant purchased 4,200 shares of the business’s stock in a transaction on Monday, March 31st. The shares were bought at an average cost of $34.12 per share, for a total transaction 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 trade represents a 43.96 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Winnebago Industries Stock Performance

Winnebago Industries stock opened at $32.83 on Friday. Winnebago Industries, Inc. has a 12-month low of $30.61 and a 12-month high of $71.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The company has a market capitalization of $920.09 million, a price-to-earnings ratio of -49.74 and a beta of 1.70. The firm’s fifty day moving average price is $40.08 and its 200 day moving average price is $49.88.

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. The business had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. On average, research analysts forecast that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

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 dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries’s payout ratio is currently -544.00%.

Institutional Trading of Winnebago Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its position in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after purchasing an additional 390 shares during the last quarter. Versant Capital Management Inc increased its holdings in Winnebago Industries by 304.9% in the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock valued at $28,000 after buying an additional 622 shares during the last quarter. Quarry LP raised its stake in Winnebago Industries by 4,038.1% during the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Winnebago Industries by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock worth $43,000 after buying an additional 807 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Winnebago Industries in the 4th quarter worth approximately $43,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WGO. BMO Capital Markets reduced their target price on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. KeyCorp dropped their target price on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Benchmark decreased their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Robert W. Baird downgraded shares of Winnebago Industries from an “outperform” rating to a “neutral” rating and cut their target price for the company from $50.00 to $38.00 in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

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.