Burney Co. Sells 5,706 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Burney Co. lessened its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,007 shares of the construction company’s stock after selling 5,706 shares during the quarter. Burney Co. owned about 0.23% of Winnebago Industries worth $4,885,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Broad Peak Investment Holdings Ltd. lifted its position in Winnebago Industries by 108.2% in the 4th quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock worth $53,325,000 after buying an additional 380,200 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Winnebago Industries by 7,188.0% during the fourth quarter. International Assets Investment Management LLC now owns 10,932 shares of the construction company’s stock valued at $797,000 after buying an additional 10,782 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $1,093,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Winnebago Industries by 29.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,355 shares of the construction company’s stock valued at $536,000 after buying an additional 1,660 shares during the period. Finally, GAMMA Investing LLC purchased a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $30,000.

Insider Activity

In other news, SVP Stacy L. Bogart sold 3,333 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total transaction of $193,247.34. Following the transaction, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.75% of the company’s stock.

Winnebago Industries Stock Down 1.7 %

Shares of NYSE WGO traded down $1.00 during trading on Friday, reaching $57.00. The company had a trading volume of 689,781 shares, compared to its average volume of 627,615. Winnebago Industries, Inc. has a 12-month low of $49.68 and a 12-month high of $75.42. The stock has a market cap of $1.65 billion, a PE ratio of 22.00 and a beta of 1.66. The business’s 50-day moving average is $56.96 and its 200 day moving average is $63.07. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, June 20th. The construction company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The company had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $798.26 million. During the same period in the prior year, the company posted $2.13 earnings per share. The company’s revenue was down 12.7% on a year-over-year basis. As a group, equities analysts forecast that Winnebago Industries, Inc. will post 4.19 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Wednesday, June 12th. Winnebago Industries’s payout ratio is currently 47.88%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WGO. Roth Mkm reduced their target price on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Truist Financial reduced their target price on Winnebago Industries from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. BMO Capital Markets reduced their price target on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Finally, Robert W. Baird reduced their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.57.

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.