Winnebago Industries (NYSE:WGO) CEO Sells $393,630.60 in Stock

Key Points

• CEO Michael Happe sold 12,045 Winnebago shares for $393,630.60 at an average price of $32.68 under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 3.33%.
• Winnebago reported weaker quarterly results, with EPS of $0.66 versus the $0.76 consensus and revenue of $698.7 million versus estimates of $755.67 million; revenue declined 9.9% year over year.
• The company raised its quarterly dividend to $0.36 per share, implying a 4.5% annualized yield, while analysts maintained an overall “Hold” rating with an average price target of $36.33.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) CEO Michael Happe sold 12,045 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.68, for a total transaction of $393,630.60. Following the transaction, the chief executive officer directly owned 349,349 shares in the company, valued at approximately $11,416,725.32. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Winnebago Industries Price Performance

Shares of WGO stock traded down $0.77 on Friday, reaching $31.80. 71,121 shares of the company were exchanged, compared to its average volume of 659,210. Winnebago Industries, Inc. has a 1 year low of $26.80 and a 1 year high of $50.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 2.37. The business has a 50-day moving average price of $30.27 and a 200 day moving average price of $33.94. The company has a market cap of $899.10 million, a price-to-earnings ratio of 23.38 and a beta of 1.11.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.10). The firm had revenue of $698.70 million during the quarter, compared to analyst estimates of $755.67 million. Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The company's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Equities research analysts forecast that Winnebago Industries, Inc. will post 1.81 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.5%. Winnebago Industries's payout ratio is currently 102.94%.

Wall Street Analysts Forecast Growth

WGO has been the topic of a number of research analyst reports. Truist Financial cut their target price on Winnebago Industries from $43.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, July 8th. Citigroup boosted their price target on shares of Winnebago Industries from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, June 29th. Griffin Securities set a $35.00 price objective on shares of Winnebago Industries in a report on Monday, June 15th. Wall Street Zen lowered shares of Winnebago Industries from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. Finally, DA Davidson reissued a "neutral" rating and set a $35.00 target price on shares of Winnebago Industries in a research note on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Winnebago Industries presently has an average rating of "Hold" and an average price target of $36.33.

Institutional Trading of Winnebago Industries

A number of institutional investors have recently modified their holdings of WGO. Pzena Investment Management LLC acquired a new stake in Winnebago Industries in the second quarter valued at $53,406,000. UBS Group AG grew its position in Winnebago Industries by 224.7% during the fourth quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer's stock worth $54,870,000 after buying an additional 937,140 shares during the period. Deprince Race & Zollo Inc. increased its holdings in Winnebago Industries by 300.6% in the first quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer's stock valued at $17,771,000 after buying an additional 430,300 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its stake in shares of Winnebago Industries by 111.2% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer's stock worth $22,746,000 after acquiring an additional 358,100 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Winnebago Industries in the 2nd quarter worth approximately $9,545,000.

About Winnebago Industries

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.

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