Two Sigma Investments LP Takes Position in Winnebago Industries, Inc. (NYSE:WGO)

Two Sigma Investments LP bought a new position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 132,402 shares of the construction company's stock, valued at approximately $6,326,000. Two Sigma Investments LP owned 0.47% of Winnebago Industries as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Winnebago Industries by 270.8% in the 4th 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. Sterling Capital Management LLC increased its position in shares of Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock valued at $43,000 after acquiring an additional 807 shares during the period. R Squared Ltd acquired a new position in shares of Winnebago Industries in the 4th quarter valued at $43,000. KBC Group NV increased its position in shares of Winnebago Industries by 64.5% in the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company's stock valued at $72,000 after acquiring an additional 587 shares during the period. Finally, Headlands Technologies LLC increased its position in shares of Winnebago Industries by 129.0% in the 4th quarter. Headlands Technologies LLC now owns 2,029 shares of the construction company's stock valued at $97,000 after acquiring an additional 1,143 shares during the period.

Winnebago Industries Price Performance

Winnebago Industries stock traded down $0.31 during midday trading on Friday, reaching $33.94. The company had a trading volume of 450,481 shares, compared to its average volume of 701,803. The company has a market capitalization of $951.17 million, a P/E ratio of -51.42 and a beta of 1.12. Winnebago Industries, Inc. has a 12-month low of $28.29 and a 12-month high of $65.65. The firm's fifty day simple moving average is $33.28 and its 200-day simple moving average is $42.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. The firm 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%. Winnebago Industries's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the company posted $0.93 EPS. As a group, equities analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Wednesday, June 11th. Winnebago Industries's dividend payout ratio (DPR) is -544.00%.

Insiders Place Their Bets

In other Winnebago Industries news, Director Kevin E. Bryant bought 4,200 shares of the firm's stock in a transaction on Monday, March 31st. The shares were acquired at an average cost of $34.12 per share, with a total value of $143,304.00. Following the purchase, the director now directly owns 13,755 shares of the company's stock, valued at $469,320.60. This trade represents a 43.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.63% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets cut their price target 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. Truist Financial cut their price target 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. DA Davidson raised Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. Citigroup cut their price target on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Finally, Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Winnebago Industries currently has an average rating of "Moderate Buy" and an average target price 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.