Renaissance Technologies LLC Buys 143,800 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Renaissance Technologies LLC grew its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 204.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,000 shares of the construction company's stock after purchasing an additional 143,800 shares during the quarter. Renaissance Technologies LLC owned about 0.75% of Winnebago Industries worth $10,225,000 as of its most recent filing with the Securities and Exchange Commission.

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

Winnebago Industries Price Performance

Shares of WGO stock traded up $0.96 during mid-day trading on Tuesday, reaching $32.00. The company's stock had a trading volume of 662,739 shares, compared to its average volume of 696,645. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The firm's 50-day moving average is $35.80 and its two-hundred day moving average is $47.25. Winnebago Industries, Inc. has a 1-year low of $28.29 and a 1-year high of $66.05. The company has a market cap of $896.66 million, a P/E ratio of -48.48 and a beta of 1.49.

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

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.34 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 annualized dividend and a yield of 4.25%. Winnebago Industries's dividend payout ratio is currently -544.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WGO. KeyCorp lowered their price target on Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. DA Davidson raised Winnebago Industries to a "hold" rating in a report on Monday, April 14th. Robert W. Baird cut Winnebago Industries from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $50.00 to $38.00 in a research report on Friday, April 4th. StockNews.com downgraded shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Finally, BMO Capital Markets cut their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $51.89.

Insider Buying and Selling at Winnebago Industries

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

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.