First Trust Advisors LP Increases Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

First Trust Advisors LP boosted its stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,643,786 shares of the construction company's stock after acquiring an additional 474,273 shares during the period. First Trust Advisors LP owned 5.79% of Winnebago Industries worth $78,540,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WGO. Sanctuary Advisors LLC boosted its holdings in Winnebago Industries by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company's stock valued at $416,000 after acquiring an additional 245 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Winnebago Industries during the 3rd quarter valued at $333,000. JPMorgan Chase & Co. boosted its holdings in shares of Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after buying an additional 173,274 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Winnebago Industries by 15.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,638 shares of the construction company's stock valued at $508,000 after buying an additional 1,417 shares in the last quarter. Finally, TT International Asset Management LTD boosted its holdings in shares of Winnebago Industries by 10.9% during the 4th quarter. TT International Asset Management LTD now owns 58,676 shares of the construction company's stock valued at $2,803,000 after buying an additional 5,773 shares in the last quarter.

Analysts Set New Price Targets

WGO has been the topic of a number of research reports. Citigroup dropped their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Baird R W cut shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird cut shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $50.00 to $38.00 in a report on Friday, April 4th. Benchmark dropped their target price on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, BMO Capital Markets cut their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $51.89.

Insider Transactions at Winnebago Industries

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

Winnebago Industries Stock Down 0.4 %

Shares of WGO traded down $0.14 on Friday, hitting $32.72. 396,459 shares of the stock traded hands, compared to its average volume of 698,470. The company has a market capitalization of $916.98 million, a PE ratio of -49.58 and a beta of 1.49. 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 business has a 50 day simple moving average of $35.06 and a 200 day simple moving average of $46.67. Winnebago Industries, Inc. has a one year low of $28.29 and a one year high of $66.05.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. During the same quarter last year, the firm earned $0.93 earnings per share. The firm's quarterly revenue was down 11.9% compared to the same quarter last year. As a group, equities 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. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries's dividend payout ratio is presently -544.00%.

About Winnebago Industries

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.