Millennium Management LLC Boosts Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Millennium Management LLC raised its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 20.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 571,334 shares of the construction company's stock after purchasing an additional 95,113 shares during the period. Millennium Management LLC owned 2.01% of Winnebago Industries worth $27,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings 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 last quarter. Sterling Capital Management LLC lifted its holdings 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 last quarter. R Squared Ltd bought a new position in shares of Winnebago Industries in the 4th quarter valued at about $43,000. KBC Group NV lifted its holdings 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 last quarter. Finally, Headlands Technologies LLC lifted its holdings 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 last quarter.

Insider Buying and Selling

In other news, Director Kevin E. Bryant bought 4,200 shares of Winnebago Industries stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the purchase, the director now directly owns 13,755 shares of the company's stock, valued at approximately $469,320.60. The trade was a 43.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.63% of the stock is currently owned by company insiders.

Winnebago Industries Stock Up 0.3%

Shares of WGO traded up $0.09 during midday trading on Thursday, hitting $34.43. 386,894 shares of the company's stock traded hands, compared to its average volume of 698,859. Winnebago Industries, Inc. has a 1 year low of $28.29 and a 1 year high of $65.65. The firm's fifty day moving average is $33.39 and its 200-day moving average is $43.84. 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 $965.01 million, a price-to-earnings ratio of -52.17 and a beta of 1.12.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. During the same quarter in the prior year, the business posted $0.93 EPS. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The company 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 $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, June 11th. Winnebago Industries's payout ratio is -544.00%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WGO shares. Citigroup lowered their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Baird R W downgraded shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial lowered their price target on shares of Winnebago Industries from $50.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Finally, 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 note on Friday, March 28th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.