Hsbc Holdings PLC Takes $570,000 Position in Winnebago Industries, Inc. (NYSE:WGO)

Hsbc Holdings PLC purchased a new position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,885 shares of the construction company's stock, valued at approximately $570,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after purchasing an additional 390 shares during the last quarter. Sterling Capital Management LLC grew its stake in Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock worth $43,000 after acquiring an additional 807 shares during the period. R Squared Ltd acquired a new position in Winnebago Industries in the 4th quarter valued at $43,000. KBC Group NV boosted its holdings in shares of Winnebago Industries by 64.5% during the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company's stock worth $72,000 after purchasing an additional 587 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in shares of 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 purchasing an additional 1,143 shares during the period.

Winnebago Industries Stock Up 1.2 %

Shares of NYSE:WGO traded up $0.42 during trading on Friday, hitting $34.06. The company's stock had a trading volume of 311,254 shares, compared to its average volume of 696,742. The company has a market capitalization of $954.53 million, a PE ratio of -51.61 and a beta of 1.12. Winnebago Industries, Inc. has a fifty-two week low of $28.29 and a fifty-two week high of $66.05. 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's 50-day moving average price is $33.35 and its two-hundred day moving average price is $45.02.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. The company 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%. Winnebago Industries's quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 EPS. As a group, sell-side analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Wednesday, April 16th. Winnebago Industries's payout ratio is currently -544.00%.

Insider Activity

In other news, Director Kevin E. Bryant purchased 4,200 shares of the 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 owns 13,755 shares of the company's stock, valued at $469,320.60. The trade was a 43.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $66,612.96. Following the sale, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WGO. Benchmark reduced their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. StockNews.com upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Baird R W downgraded shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Citigroup cut their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Finally, BMO Capital Markets decreased their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $51.89.

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.