Winnebago Industries (NYSE:WGO) SVP Sells 14,146 Shares of Stock

Key Points

• SVP Stacy Bogart sold 14,146 Winnebago shares at an average price of $33.73, totaling about $477,145; she retained 69,821 shares after the sale.
• Winnebago shares fell 5.6% in Friday midday trading to $31.32. Analysts’ consensus rating was Hold, with an average price target of $35.
• The company raised its quarterly dividend from $0.35 to $0.36 per share, equivalent to $1.44 annually and a reported 4.6% yield.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) SVP Stacy Bogart sold 14,146 shares of the company's stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $33.73, for a total value of $477,144.58. Following the sale, the senior vice president directly owned 69,821 shares of the company's stock, valued at approximately $2,355,062.33. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Winnebago Industries Trading Down 5.6%

Shares of NYSE:WGO traded down $1.85 during midday trading on Friday, reaching $31.32. The company had a trading volume of 563,725 shares, compared to its average volume of 674,960. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.04 and a current ratio of 2.17. Winnebago Industries, Inc. has a 1-year low of $21.95 and a 1-year high of $50.16. The firm has a market cap of $891.90 million, a price-to-earnings ratio of 25.89 and a beta of 1.21. The company has a fifty day simple moving average of $27.58 and a two-hundred day simple moving average of $32.54.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share (EPS) for the quarter. Winnebago Industries had a return on equity of 4.16% and a net margin of 1.28%. Research analysts predict that Winnebago Industries, Inc. will post 1.94 earnings per share for the current year.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were issued a dividend of $0.36 per share. This is an increase from Winnebago Industries's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Wednesday, September 9th. Winnebago Industries's dividend payout ratio (DPR) is presently 119.01%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WGO. Pzena Investment Management LLC bought a new stake in Winnebago Industries in the second quarter worth approximately $53,406,000. Dimensional Fund Advisors LP increased its stake in shares of Winnebago Industries by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer's stock worth $48,968,000 after purchasing an additional 129,228 shares during the last quarter. Maple Rock Capital Partners Inc. raised its holdings in shares of Winnebago Industries by 33.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer's stock valued at $48,710,000 after purchasing an additional 389,400 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Winnebago Industries by 72.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer's stock valued at $20,597,000 after purchasing an additional 280,017 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Winnebago Industries in the 2nd quarter valued at $9,545,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup raised their price objective on shares of Winnebago Industries from $24.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, October 22nd. BMO Capital Markets reduced their target price on Winnebago Industries from $38.00 to $33.00 and set an "outperform" rating for the company in a report on Thursday, October 22nd. Raymond James Financial reaffirmed a "market perform" rating on shares of Winnebago Industries in a research report on Wednesday, October 21st. Weiss Ratings cut Winnebago Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 14th. Finally, Zacks Research downgraded Winnebago Industries from a "hold" rating to a "strong sell" rating in a report on Monday. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $35.00.

About Winnebago Industries

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.

Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago's portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.

Founded in 1958, the company is headquartered in Forest City, Iowa.

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