Freestone Grove Partners LP Invests $449,000 in Winnebago Industries, Inc. (NYSE:WGO)

Freestone Grove Partners LP purchased a new position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,395 shares of the construction company's stock, valued at approximately $449,000.

Several other large investors also recently added to or reduced their stakes in WGO. Cascade Investment Advisors Inc. boosted its holdings in shares of Winnebago Industries by 1.7% in 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 during the period. Smartleaf Asset Management LLC increased its position in Winnebago Industries by 270.8% during the fourth 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. Swiss National Bank raised its stake in shares of Winnebago Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company's stock valued at $2,719,000 after acquiring an additional 400 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Winnebago Industries by 9.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company's stock worth $273,000 after acquiring an additional 506 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Winnebago Industries by 64.5% during the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company's stock worth $72,000 after purchasing an additional 587 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WGO. DA Davidson upgraded Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. Citigroup dropped their price objective on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Robert W. Baird lowered shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $50.00 to $38.00 in a report on Friday, April 4th. StockNews.com upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note 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 given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $51.89.

Insiders Place Their Bets

In other news, Director Kevin E. Bryant purchased 4,200 shares of the stock in a transaction dated Monday, March 31st. The shares were purchased at an average price of $34.12 per share, with a total value of $143,304.00. Following 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jacqueline D. Woods sold 1,503 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the sale, the director now directly owns 10,985 shares of the company's stock, valued at $486,855.20. This represents a 12.04 % decrease in their position. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by corporate insiders.

Winnebago Industries Price Performance

NYSE:WGO traded up $0.28 during trading hours on Friday, hitting $33.92. 109,431 shares of the stock were exchanged, compared to its average volume of 694,904. The firm's fifty day moving average price is $33.42 and its 200 day moving average price is $45.19. Winnebago Industries, Inc. has a 52-week low of $28.29 and a 52-week high of $66.05. The company has a market cap of $950.61 million, a P/E ratio of -51.39 and a beta of 1.12. 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 posted 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 the consensus estimate of $621.41 million. During the same period in the prior year, the company earned $0.93 EPS. The firm's revenue was down 11.9% compared to the same quarter last year. As a group, equities research 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 was paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 4.01%. Winnebago Industries's payout ratio is -544.00%.

Winnebago Industries Company 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.