11,800 Shares in Winnebago Industries, Inc. (NYSE:WGO) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new stake in Winnebago Industries, Inc. (NYSE:WGO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,800 shares of the construction company’s stock, valued at approximately $564,000.

Other institutional investors also recently made changes to their positions in the company. Villanova Investment Management Co LLC lifted its stake in shares of Winnebago Industries by 10.9% in the fourth quarter. Villanova Investment Management Co LLC now owns 26,416 shares of the construction company’s stock valued at $1,262,000 after purchasing an additional 2,599 shares during the period. Headlands Technologies LLC increased its holdings in Winnebago Industries by 129.0% in the fourth quarter. Headlands Technologies LLC now owns 2,029 shares of the construction company’s stock valued at $97,000 after buying an additional 1,143 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Winnebago Industries by 8.2% during the 4th quarter. Franklin Resources Inc. now owns 89,200 shares of the construction company’s stock worth $4,262,000 after acquiring an additional 6,730 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of Winnebago Industries during the 4th quarter worth approximately $217,000. Finally, Norges Bank purchased a new position in Winnebago Industries in the 4th quarter valued at approximately $2,890,000.

Analyst Upgrades and Downgrades

WGO has been the topic of a number of research analyst reports. Truist Financial decreased their target price on Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. BMO Capital Markets decreased their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. DA Davidson dropped their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. KeyCorp reduced their price target on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Finally, Citigroup dropped their price objective 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Winnebago Industries presently has an average rating of “Moderate Buy” and a consensus price target of $56.89.

Winnebago Industries Stock Performance

NYSE:WGO opened at $35.85 on Thursday. 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 firm has a market cap of $1.00 billion, a PE ratio of -54.32 and a beta of 1.70. The firm has a 50 day simple moving average of $40.67 and a 200-day simple moving average of $50.17. Winnebago Industries, Inc. has a 1-year low of $33.59 and a 1-year high of $72.15.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. During the same period in the previous year, the firm posted $0.93 EPS. Winnebago Industries’s revenue was down 11.9% on a year-over-year basis. On average, equities analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Kevin E. Bryant acquired 4,200 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was acquired at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their position. The disclosure for this sale can be found here. 4.63% of the stock is owned by corporate insiders.

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.