Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. significantly reduced its stake in Winnebago Industries by 83.9% during the first quarter, holding only 185,846 shares worth approximately $6.4 million after selling 966,564 shares.
• Equities research analysts have revised their ratings on Winnebago Industries, with price targets falling to as low as $30.00 and consensus ratings reflecting a "Moderate Buy."
• Winnebago Industries recently announced a quarterly dividend of $0.34 per share, with a current yield of 4.29% despite a negative payout ratio of -230.51%.

Victory Capital Management Inc. cut its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 83.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 185,846 shares of the construction company's stock after selling 966,564 shares during the period. Victory Capital Management Inc. owned approximately 0.66% of Winnebago Industries worth $6,404,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WGO. Farther Finance Advisors LLC lifted its holdings in Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after buying an additional 720 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after buying an additional 622 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after buying an additional 711 shares in the last quarter. Signaturefd LLC bought a new stake in Winnebago Industries during the 1st quarter valued at about $31,000. Finally, Sterling Capital Management LLC lifted its holdings in Winnebago Industries by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock valued at $43,000 after buying an additional 807 shares in the last quarter.

Winnebago Industries Stock Performance

NYSE:WGO traded up $0.26 during trading hours on Friday, hitting $31.68. 383,224 shares of the company were exchanged, compared to its average volume of 697,660. The stock has a market capitalization of $887.99 million, a price-to-earnings ratio of -53.69 and a beta of 1.01. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $65.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. The company's 50 day moving average price is $32.17 and its 200-day moving average price is $36.30.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The company had revenue of $775.10 million for the quarter, compared to the consensus estimate of $808.15 million. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. Winnebago Industries's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. As a group, research analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Wednesday, June 11th. Winnebago Industries's dividend payout ratio (DPR) is currently -230.51%.

Wall Street Analysts Forecast Growth

WGO has been the subject of several recent research reports. Robert W. Baird reduced their price target on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. KeyCorp reduced their price target on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Roth Capital reduced their price target on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Finally, BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research note on Thursday, June 26th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.33.

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.