Wells Fargo & Company MN Acquires 20,036 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Wells Fargo & Company MN lifted its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 66.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,976 shares of the construction company's stock after purchasing an additional 20,036 shares during the quarter. Wells Fargo & Company MN owned 0.18% of Winnebago Industries worth $2,388,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Sanctuary Advisors LLC grew its holdings in shares of Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company's stock valued at $416,000 after purchasing an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. increased its stake in Winnebago Industries by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company's stock valued at $1,094,000 after purchasing an additional 380 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after buying an additional 390 shares in the last quarter. Swiss National Bank increased its position in shares of Winnebago Industries by 0.7% during 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 last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Winnebago Industries by 9.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company's stock valued at $273,000 after purchasing an additional 506 shares during the period.

Analysts Set New Price Targets

WGO has been the subject of several recent research reports. StockNews.com lowered Winnebago Industries from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Truist Financial cut their price target on Winnebago Industries from $50.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 14th. BMO Capital Markets cut their target price on Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Finally, Robert W. Baird downgraded shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $50.00 to $38.00 in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Winnebago Industries presently has a consensus rating of "Hold" and an average price target of $51.89.

Winnebago Industries Stock Performance

NYSE WGO traded down $0.79 during trading hours on Wednesday, hitting $31.82. The company's stock had a trading volume of 556,470 shares, compared to its average volume of 698,456. Winnebago Industries, Inc. has a 12 month low of $28.29 and a 12 month high of $66.05. The company's 50 day simple moving average is $34.45 and its two-hundred day simple moving average is $46.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The company has a market cap of $891.76 million, a P/E ratio of -48.21 and a beta of 1.49.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, sell-side analysts expect 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, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries's payout ratio is -544.00%.

Insider Buying and Selling

In related news, Director Kevin E. Bryant acquired 4,200 shares of the firm's 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 completion of the purchase, the director now directly owns 13,755 shares of the company's stock, valued at $469,320.60. This represents a 43.96 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jacqueline D. Woods sold 1,503 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares of the company's stock, valued at $486,855.20. The trade was 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 owned by insiders.

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.