State of Alaska Department of Revenue Reduces Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Posted by on Oct 15th, 2023

State of Alaska Department of Revenue lowered its stake in shares of Winnebago Industries, Inc. (NYSE:WGO – Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,105 shares of the construction company’s stock after selling 820 shares during the period. State of Alaska Department of Revenue owned 0.07% of Winnebago Industries worth $1,340,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of Winnebago Industries during the fourth quarter worth $26,000. Advisors Asset Management Inc. lifted its position in shares of Winnebago Industries by 71.8% during the first quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after acquiring an additional 260 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Winnebago Industries during the fourth quarter worth $48,000. Ronald Blue Trust Inc. lifted its position in shares of Winnebago Industries by 35.9% during the first quarter. Ronald Blue Trust Inc. now owns 1,379 shares of the construction company’s stock worth $73,000 after acquiring an additional 364 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Winnebago Industries by 134,200.0% in the first quarter. Federated Hermes Inc. now owns 1,343 shares of the construction company’s stock worth $77,000 after buying an additional 1,342 shares in the last quarter.

Insider Activity at Winnebago Industries

In related news, insider Donald Jeff Clark sold 294,829 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $67.89, for a total value of $20,015,940.81. Following the transaction, the insider now owns 468,997 shares of the company’s stock, valued at $31,840,206.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com assumed coverage on Winnebago Industries in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. DA Davidson increased their price objective on Winnebago Industries from $57.00 to $59.00 in a research report on Friday, June 23rd. Finally, Truist Financial lowered their price objective on Winnebago Industries from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, September 15th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Winnebago Industries has a consensus rating of “Hold” and an average price target of $68.50.

Get Our Latest Stock Report on Winnebago Industries

Winnebago Industries Stock Down 0.7 %

WGO opened at $56.79 on Friday. The stock has a market cap of $1.72 billion, a PE ratio of 7.50 and a beta of 1.70. The company has a quick ratio of 1.14, a current ratio of 2.45 and a debt-to-equity ratio of 0.43. Winnebago Industries, Inc. has a 52 week low of $51.74 and a 52 week high of $70.53. The business’s fifty day simple moving average is $62.16 and its 200 day simple moving average is $61.83.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Tuesday, September 12th. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.27. Winnebago Industries’s dividend payout ratio is currently 16.38%.

Winnebago Industries Company Profile

(Free Report)

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.

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Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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