Confluence Investment Management LLC Sells 2,505 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Confluence Investment Management LLC cut its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,568 shares of the construction company’s stock after selling 2,505 shares during the quarter. Confluence Investment Management LLC’s holdings in Winnebago Industries were worth $2,795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WGO. 1832 Asset Management L.P. boosted its position in Winnebago Industries by 484.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after buying an additional 832,187 shares during the period. Norges Bank bought a new stake in shares of Winnebago Industries in the 4th quarter worth $13,809,000. Goldman Sachs Group Inc. boosted its holdings in shares of Winnebago Industries by 10.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after buying an additional 161,987 shares during the last quarter. First Trust Advisors LP lifted its holdings in Winnebago Industries by 53.4% during the fourth quarter. First Trust Advisors LP now owns 460,771 shares of the construction company’s stock valued at $33,581,000 after purchasing an additional 160,431 shares during the last quarter. Finally, Broad Peak Investment Holdings Ltd. lifted its holdings in Winnebago Industries by 20.0% during the first quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company’s stock valued at $64,948,000 after purchasing an additional 146,000 shares during the last quarter.

Winnebago Industries Stock Down 1.7 %

Shares of Winnebago Industries stock traded down $1.00 during trading on Friday, hitting $57.00. 689,781 shares of the stock traded hands, compared to its average volume of 627,615. Winnebago Industries, Inc. has a 52-week low of $49.68 and a 52-week high of $75.42. The stock’s fifty day simple moving average is $56.96 and its 200 day simple moving average is $63.04. The firm has a market cap of $1.65 billion, a P/E ratio of 22.01 and a beta of 1.66. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.

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

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Wednesday, June 12th. Winnebago Industries’s dividend payout ratio (DPR) is presently 47.88%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WGO shares. Truist Financial lowered their price target on shares of Winnebago Industries from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Benchmark began coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They issued a “buy” rating and a $75.00 target price on the stock. Roth Mkm cut their price target on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Finally, Citigroup boosted their target price on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.57.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the business’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 owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.75% of the company’s stock.

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.