Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its position in Winnebago Industries, Inc. (NYSE:WGO) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 69,185 shares of the construction company’s stock after selling 2,537 shares during the period. Peregrine Capital Management LLC’s holdings in Winnebago Industries were worth $3,306,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp boosted its holdings in Winnebago Industries by 0.6% in the third quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after purchasing an additional 6,979 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after purchasing an additional 173,274 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Winnebago Industries by 10.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock valued at $33,408,000 after buying an additional 54,272 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Winnebago Industries by 1,242.6% during the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after buying an additional 168,055 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Winnebago Industries by 4.9% in the fourth quarter. Principal Financial Group Inc. now owns 165,680 shares of the construction company’s stock worth $7,916,000 after buying an additional 7,689 shares during the last quarter.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now directly owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.63% of the company’s stock.

Wall Street Analysts Forecast Growth

WGO has been the topic of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. DA Davidson reduced their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. BMO Capital Markets lowered their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Truist Financial boosted their price target on Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Winnebago Industries Trading Down 3.6 %

NYSE:WGO opened at $42.93 on Thursday. The firm has a market capitalization of $1.22 billion, a P/E ratio of -65.04 and a beta of 1.62. The business has a 50 day simple moving average of $47.93 and a 200 day simple moving average of $54.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries, Inc. has a 12-month low of $42.69 and a 12-month high of $74.10.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. During the same period last year, the firm posted $1.06 EPS. The business’s revenue was down 18.0% compared to the same quarter last year. Equities research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.17%. Winnebago Industries’s payout ratio is currently -206.06%.

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.