Raymond James Financial Inc. Buys New Position in Winnebago Industries, Inc. (NYSE:WGO)

Raymond James Financial Inc. bought a new position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,985 shares of the construction company's stock, valued at approximately $1,003,000. Raymond James Financial Inc. owned 0.07% of Winnebago Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of WGO. Wilmington Savings Fund Society FSB acquired a new position in Winnebago Industries in the third quarter valued at approximately $333,000. JPMorgan Chase & Co. lifted its stake 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 during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Winnebago Industries by 15.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,638 shares of the construction company's stock worth $508,000 after purchasing an additional 1,417 shares during the period. TT International Asset Management LTD increased its position in shares of Winnebago Industries by 10.9% during the 4th quarter. TT International Asset Management LTD now owns 58,676 shares of the construction company's stock worth $2,803,000 after purchasing an additional 5,773 shares during the last quarter. Finally, Signal Advisors Wealth LLC raised its holdings in Winnebago Industries by 3.9% in the 4th quarter. Signal Advisors Wealth LLC now owns 19,713 shares of the construction company's stock valued at $942,000 after buying an additional 732 shares during the period.

Insider Activity at Winnebago Industries

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

Winnebago Industries Stock Up 1.2 %

NYSE WGO traded up $0.42 during trading hours on Friday, hitting $34.06. 311,254 shares of the company were exchanged, compared to its average volume of 698,082. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The firm has a market cap of $954.53 million, a price-to-earnings ratio of -51.61 and a beta of 1.12. The company has a 50 day moving average of $33.35 and a two-hundred day moving average of $44.97. Winnebago Industries, Inc. has a 52-week low of $28.29 and a 52-week high of $66.05.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. During the same period in the prior year, the firm earned $0.93 earnings per share. The business's quarterly revenue was down 11.9% compared to the same quarter last year. Equities research analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have weighed in on WGO. Robert W. Baird cut shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $50.00 to $38.00 in a research report on Friday, April 4th. BMO Capital Markets cut their target price on Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. StockNews.com upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Citigroup dropped their price objective on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Finally, KeyCorp decreased their target price on Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Winnebago Industries currently has an average rating of "Moderate Buy" and a consensus price target of $51.89.

Winnebago Industries Company 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.