GAMMA Investing LLC Acquires 23,521 Shares of Winnebago Industries, Inc. (NYSE:WGO)

GAMMA Investing LLC lifted its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 9,187.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,777 shares of the construction company's stock after acquiring an additional 23,521 shares during the quarter. GAMMA Investing LLC owned approximately 0.08% of Winnebago Industries worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. purchased a new stake in Winnebago Industries in the fourth quarter worth $1,433,000. Proficio Capital Partners LLC purchased a new stake in Winnebago Industries in the fourth quarter worth $632,000. Charles Schwab Investment Management Inc. grew its stake in Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock worth $29,889,000 after purchasing an additional 50,634 shares during the period. Rhumbline Advisers grew its stake in Winnebago Industries by 2.2% in the fourth quarter. Rhumbline Advisers now owns 96,821 shares of the construction company's stock worth $4,626,000 after purchasing an additional 2,077 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Winnebago Industries in the fourth quarter worth $1,003,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WGO shares. Citigroup increased their target price on Winnebago Industries from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. KeyCorp cut their target price on Winnebago Industries from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. BMO Capital Markets dropped their price objective 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. Benchmark dropped their price objective on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, Truist Financial increased their price objective on Winnebago Industries from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.11.

Winnebago Industries Stock Down 1.7%

NYSE WGO opened at $31.49 on Wednesday. The stock's 50-day moving average price is $33.20 and its 200-day moving average price is $40.39. The company has a quick ratio of 0.94, a current ratio of 2.17 and a debt-to-equity ratio of 0.44. Winnebago Industries, Inc. has a 52 week low of $28.29 and a 52 week high of $65.65. The company has a market capitalization of $882.21 million, a P/E ratio of -125.93 and a beta of 1.07.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data 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 3.73% and a negative net margin of 0.21%. The firm had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. During the same quarter last year, the company earned $0.93 earnings per share. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities research analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Wednesday, June 11th. Winnebago Industries's dividend payout ratio is currently -544.00%.

Insider Buying and Selling

In other news, Director Kevin E. Bryant purchased 4,200 shares of the business's stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the acquisition, the director now directly owns 13,755 shares of the company's stock, valued at $469,320.60. This represents a 43.96% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.63% of the stock is currently owned by company 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.

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