Northern Trust Corp Buys 35,177 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Northern Trust Corp raised its position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 11.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 345,226 shares of the construction company's stock after purchasing an additional 35,177 shares during the period. Northern Trust Corp owned 1.22% of Winnebago Industries worth $16,495,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aquatic Capital Management LLC lifted its position in shares of Winnebago Industries by 151.2% in the 4th quarter. Aquatic Capital Management LLC now owns 83,637 shares of the construction company's stock worth $3,996,000 after purchasing an additional 50,337 shares during the period. Oxford Asset Management LLP acquired a new position in shares of Winnebago Industries in the 4th quarter worth approximately $471,000. Two Sigma Securities LLC acquired a new position in shares of Winnebago Industries in the 4th quarter worth approximately $321,000. Price T Rowe Associates Inc. MD lifted its position in shares of Winnebago Industries by 8.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,576 shares of the construction company's stock worth $1,223,000 after purchasing an additional 2,054 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in shares of Winnebago Industries in the 4th quarter valued at $699,000.

Insider Buying and Selling at Winnebago Industries

In related news, Director Kevin E. Bryant purchased 4,200 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were purchased 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 in the company, valued at approximately $469,320.60. This represents a 43.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 4.63% of the company's stock.

Wall Street Analyst Weigh In

WGO has been the subject of a number of recent research reports. Citigroup decreased their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. StockNews.com upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Truist Financial decreased their price target on shares of Winnebago Industries from $50.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, KeyCorp decreased their price target on shares of Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $51.89.

Winnebago Industries Stock Performance

Shares of NYSE:WGO traded up $0.30 during midday trading on Friday, reaching $36.61. The company had a trading volume of 545,609 shares, compared to its average volume of 700,158. The company's 50 day moving average price is $33.40 and its 200 day moving average price is $44.33. 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 cap of $1.03 billion, a P/E ratio of -55.47 and a beta of 1.12. Winnebago Industries, Inc. has a 52-week low of $28.29 and a 52-week high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last released 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. The business had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company's revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. As a group, sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.71%. Winnebago Industries's dividend payout ratio (DPR) is presently -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.