Invesco Ltd. Lowers Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Invesco Ltd. lowered its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 27.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 202,188 shares of the construction company's stock after selling 74,897 shares during the period. Invesco Ltd. owned approximately 0.71% of Winnebago Industries worth $9,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WGO. Wells Fargo & Company MN grew its position in shares of Winnebago Industries by 66.9% in the fourth quarter. Wells Fargo & Company MN now owns 49,976 shares of the construction company's stock valued at $2,388,000 after purchasing an additional 20,036 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Winnebago Industries during the fourth quarter worth about $301,000. ExodusPoint Capital Management LP bought a new stake in shares of Winnebago Industries in the 4th quarter valued at about $331,000. Bryce Point Capital LLC bought a new stake in shares of Winnebago Industries in the 4th quarter valued at about $564,000. Finally, Villanova Investment Management Co LLC raised its position in Winnebago Industries by 10.9% during the 4th quarter. Villanova Investment Management Co LLC now owns 26,416 shares of the construction company's stock valued at $1,262,000 after purchasing an additional 2,599 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WGO shares. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a report on Monday, April 14th. StockNews.com lowered shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th. Citigroup cut their target price 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. KeyCorp lowered their price objective on shares of Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Truist Financial reduced their target price on shares of Winnebago Industries from $50.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $51.89.

Insider Buying and Selling

In related news, Director Kevin E. Bryant purchased 4,200 shares of the company's stock in a transaction dated Monday, March 31st. The stock was acquired at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the transaction, the director now directly owns 13,755 shares of the company's stock, valued at approximately $469,320.60. This trade represents a 43.96 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jacqueline D. Woods sold 1,503 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the sale, the director now owns 10,985 shares of the company's stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by insiders.

Winnebago Industries Stock Performance

Shares of NYSE WGO traded up $0.17 during midday trading on Tuesday, reaching $32.23. The company had a trading volume of 20,190 shares, compared to its average volume of 694,695. The stock has a market cap of $903.36 million, a P/E ratio of -48.69 and a beta of 1.49. The business's 50-day simple moving average is $34.84 and its 200 day simple moving average is $46.49. 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, Inc. has a 1 year low of $28.29 and a 1 year high of $66.05.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $620.20 million during the quarter, compared to analysts' expectations of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company's revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. On average, analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 4.22%. 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.