Dark Forest Capital Management LP Makes New Investment in Winnebago Industries, Inc. (NYSE:WGO)

Dark Forest Capital Management LP acquired a new position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,623 shares of the construction company's stock, valued at approximately $699,000. Dark Forest Capital Management LP owned approximately 0.05% of Winnebago Industries at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WGO. Sanctuary Advisors LLC lifted its holdings in Winnebago Industries by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company's stock worth $416,000 after purchasing an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. grew its position in Winnebago Industries by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company's stock worth $1,094,000 after buying an additional 380 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after acquiring an additional 390 shares during the period. Swiss National Bank raised its holdings in Winnebago Industries by 0.7% in the 4th quarter. Swiss National Bank now owns 56,900 shares of the construction company's stock valued at $2,719,000 after acquiring an additional 400 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of Winnebago Industries by 9.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company's stock worth $273,000 after acquiring an additional 506 shares during the period.

Analyst Ratings Changes

A number of research firms have recently issued reports on WGO. Truist Financial lowered their price objective on Winnebago Industries from $50.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Baird R W lowered shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Benchmark reduced their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Citigroup lowered 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, Robert W. Baird lowered shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Winnebago Industries has an average rating of "Hold" and an average price target of $51.89.

Insider Activity at Winnebago Industries

In related news, Director Kevin E. Bryant acquired 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 transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jacqueline D. Woods sold 1,503 shares of the company'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 transaction of $66,612.96. Following 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 ownership of the stock. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by company insiders.

Winnebago Industries Price Performance

WGO stock traded down $1.18 during trading on Wednesday, hitting $31.44. 106,355 shares of the stock traded hands, compared to its average volume of 695,953. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The stock has a market cap of $880.97 million, a price-to-earnings ratio of -47.58 and a beta of 1.49. Winnebago Industries, Inc. has a one year low of $28.29 and a one year high of $66.05. The company has a 50 day simple moving average of $34.65 and a 200 day simple moving average of $46.39.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting 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 business had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. During the same period in the previous year, the business earned $0.93 EPS. Winnebago Industries's revenue was down 11.9% compared to the same quarter last year. Equities analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.33%. Winnebago Industries's dividend payout ratio (DPR) is presently -544.00%.

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.