Man Group plc Sells 21,677 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Man Group plc reduced its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 63.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,546 shares of the construction company's stock after selling 21,677 shares during the quarter. Man Group plc's holdings in Winnebago Industries were worth $599,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Inspire Investing LLC acquired a new stake in Winnebago Industries in the 4th quarter valued at approximately $399,000. Exchange Traded Concepts LLC lifted its holdings in shares of Winnebago Industries by 9.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company's stock valued at $273,000 after purchasing an additional 506 shares during the last quarter. KBC Group NV boosted its holdings in shares of Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company's stock worth $72,000 after buying an additional 587 shares during the period. Cascade Investment Advisors Inc. grew its position in Winnebago Industries by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company's stock worth $1,094,000 after purchasing an additional 380 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Winnebago Industries during the fourth quarter valued at $43,000.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock traded down $0.09 during trading on Friday, reaching $34.16. The company's stock had a trading volume of 41,803 shares, compared to its average volume of 697,996. 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 capitalization of $957.36 million, a P/E ratio of -51.76 and a beta of 1.12. Winnebago Industries, Inc. has a one year low of $28.29 and a one year high of $65.65. The stock has a 50-day moving average price of $33.29 and a two-hundred day moving average price of $42.88.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting 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 company had revenue of $620.20 million during the quarter, compared to analysts' expectations of $621.41 million. During the same period last year, the firm earned $0.93 EPS. The business's revenue for the quarter was down 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.98%. Winnebago Industries's dividend payout ratio (DPR) is presently -544.00%.

Insider Activity

In other Winnebago Industries news, Director Kevin E. Bryant acquired 4,200 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average price of $34.12 per share, with a total value of $143,304.00. Following the purchase, the director now owns 13,755 shares of the company's stock, valued at $469,320.60. This represents a 43.96% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WGO has been the subject of a number of research reports. Citigroup decreased their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. DA Davidson raised Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. BMO Capital Markets reduced their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Truist Financial decreased their price objective on Winnebago Industries from $50.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Baird R W cut shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Winnebago Industries presently has an average 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.