Aquatic Capital Management LLC Boosts Position in Winnebago Industries, Inc. (NYSE:WGO)

Aquatic Capital Management LLC boosted its stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 151.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,637 shares of the construction company's stock after purchasing an additional 50,337 shares during the quarter. Aquatic Capital Management LLC owned about 0.29% of Winnebago Industries worth $3,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Advisors LP raised its stake in Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock worth $78,540,000 after acquiring an additional 474,273 shares in the last quarter. Barclays PLC grew its holdings in shares of Winnebago Industries by 494.5% during the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company's stock worth $14,081,000 after purchasing an additional 245,131 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock worth $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Winnebago Industries by 204.8% during the fourth quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company's stock worth $10,225,000 after purchasing an additional 143,800 shares during the last quarter. Finally, LHM Inc. bought a new stake in shares of Winnebago Industries during the fourth quarter worth about $6,077,000.

Winnebago Industries Price Performance

NYSE WGO traded down $0.79 during trading hours on Wednesday, reaching $31.82. The company's stock had a trading volume of 556,470 shares, compared to its average volume of 698,455. The firm's 50-day moving average price is $34.45 and its 200-day moving average price is $46.29. The company has a quick ratio of 1.34, a current ratio of 2.58 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. The company has a market capitalization of $891.76 million, a price-to-earnings ratio of -48.21 and a beta of 1.49.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its 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 positive return on equity of 5.32% and a negative net margin of 0.63%. The firm had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. During the same quarter in the previous year, the company posted $0.93 EPS. The company's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid 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 dividend payout ratio (DPR) is currently -544.00%.

Insiders Place Their Bets

In related news, Director Kevin E. Bryant acquired 4,200 shares of Winnebago Industries stock in a transaction on Monday, March 31st. The stock was bought 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 owns 13,755 shares of the company's stock, valued at approximately $469,320.60. The trade was a 43.96 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jacqueline D. Woods sold 1,503 shares of the company's 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 directly owns 10,985 shares of the company's stock, valued at $486,855.20. The trade was 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.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WGO. Citigroup dropped their price target on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Truist Financial reduced their target price on shares of Winnebago Industries from $50.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Benchmark reduced their target price on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Finally, Baird R W cut shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. One 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 data from MarketBeat.com, Winnebago Industries presently has an average rating of "Hold" and an average target price of $51.89.

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.