Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Man Group plc

Man Group plc lowered its position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 63.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,546 shares of the construction company's stock after selling 21,677 shares during the period. Man Group plc's holdings in Winnebago Industries were worth $599,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WGO. Millennium Management LLC increased its stake in shares of Winnebago Industries by 20.0% during the fourth quarter. Millennium Management LLC now owns 571,334 shares of the construction company's stock worth $27,298,000 after purchasing an additional 95,113 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Winnebago Industries by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,084 shares of the construction company's stock valued at $768,000 after buying an additional 591 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in shares of Winnebago Industries in the 4th quarter valued at approximately $597,000. Janus Henderson Group PLC lifted its holdings in shares of Winnebago Industries by 54.8% in the 4th quarter. Janus Henderson Group PLC now owns 281,025 shares of the construction company's stock worth $13,427,000 after acquiring an additional 99,446 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in shares of Winnebago Industries in the 4th quarter worth approximately $247,000.

Insider Activity

In other news, Director Kevin E. Bryant bought 4,200 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the transaction, the director now owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.63% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. KeyCorp decreased their price target on shares of Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Citigroup reduced their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Benchmark reduced their price target on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Robert W. Baird lowered shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $50.00 to $38.00 in a research note on Friday, April 4th. Finally, Baird R W lowered shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $51.89.

Winnebago Industries Price Performance

Shares of WGO stock traded up $0.25 during trading hours on Thursday, hitting $33.94. The company's stock had a trading volume of 315,345 shares, compared to its average volume of 698,631. The business has a fifty day moving average of $33.30 and a 200-day moving average of $43.10. The stock has a market cap of $951.17 million, a price-to-earnings ratio of -51.47 and a beta of 1.12. Winnebago Industries, Inc. has a twelve month low of $28.29 and a twelve month high of $65.65. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.

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

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.36 annualized dividend and a dividend yield of 4.01%. Winnebago Industries's dividend payout ratio 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.