Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Olstein Capital Management L.P.

Olstein Capital Management L.P. decreased its position in Winnebago Industries, Inc. (NYSE:WGO) by 24.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,000 shares of the construction company’s stock after selling 14,000 shares during the quarter. Olstein Capital Management L.P. owned about 0.15% of Winnebago Industries worth $2,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after buying an additional 316 shares during the period. Sound Income Strategies LLC lifted its position in shares of Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Winnebago Industries in the second quarter worth $45,000. EntryPoint Capital LLC acquired a new stake in shares of Winnebago Industries in the first quarter worth $75,000. Finally, nVerses Capital LLC bought a new stake in shares of Winnebago Industries in the 2nd quarter valued at approximately $76,000.

Insider Buying and Selling at Winnebago Industries

In related news, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the sale, the senior vice president now owns 23,728 shares in the company, valued at approximately $1,343,953.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the transaction, the senior vice president now directly owns 23,728 shares in the company, valued at approximately $1,343,953.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William C. Fisher purchased 2,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.75% of the company’s stock.

Winnebago Industries Stock Down 0.2 %

Shares of NYSE WGO traded down $0.11 during mid-day trading on Thursday, reaching $61.53. 20,471 shares of the company’s stock were exchanged, compared to its average volume of 581,248. Winnebago Industries, Inc. has a twelve month low of $49.68 and a twelve month high of $75.42. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 205.37 and a beta of 1.60. The business has a fifty day simple moving average of $57.49 and a 200 day simple moving average of $58.21.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. During the same period in the previous year, the company posted $1.59 earnings per share. Winnebago Industries’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, equities analysts expect that Winnebago Industries, Inc. will post 3.67 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a $0.34 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.36 dividend on an annualized basis and a yield of 2.21%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio (DPR) is 453.35%.

Analysts Set New Price Targets

Several research analysts have issued reports on WGO shares. Robert W. Baird dropped their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Citigroup increased their target price on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, July 12th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Benchmark lowered their price target on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Finally, BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.14.

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.