Vontobel Holding Ltd. acquired a new stake in Winnebago Industries, Inc. (NYSE:WGO – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,096 shares of the construction company’s stock, valued at approximately $206,000.
A number of other large investors have also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Winnebago Industries by 2.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,456 shares of the construction company’s stock valued at $431,000 after buying an additional 146 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Winnebago Industries by 0.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 22,087 shares of the construction company’s stock worth $1,073,000 after purchasing an additional 192 shares during the last quarter. Aviance Capital Partners LLC raised its stake in shares of Winnebago Industries by 1.2% in the first quarter. Aviance Capital Partners LLC now owns 18,958 shares of the construction company’s stock worth $1,094,000 after purchasing an additional 219 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Winnebago Industries by 6.2% in the first quarter. Guggenheim Capital LLC now owns 3,947 shares of the construction company’s stock worth $213,000 after purchasing an additional 232 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Winnebago Industries by 4.4% in the first quarter. Commonwealth Equity Services LLC now owns 5,832 shares of the construction company’s stock worth $336,000 after purchasing an additional 245 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on WGO shares. DA Davidson upped their target price on shares of Winnebago Industries from $57.00 to $59.00 in a research note on Friday, June 23rd. StockNews.com began coverage on shares of Winnebago Industries in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Truist Financial cut their target price on Winnebago Industries from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, September 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Winnebago Industries has an average rating of “Hold” and an average target price of $68.50.
Insider Activity at Winnebago Industries
In related news, insider Donald Jeff Clark sold 294,829 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $67.89, for a total transaction of $20,015,940.81. Following the sale, the insider now directly owns 468,997 shares in the company, valued at approximately $31,840,206.33. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.92% of the stock is currently owned by corporate insiders.
Winnebago Industries Stock Performance
Shares of WGO stock opened at $56.79 on Monday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 7.50 and a beta of 1.70. The company has a current ratio of 2.45, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $62.16 and its 200 day moving average is $61.86. Winnebago Industries, Inc. has a 12 month low of $51.74 and a 12 month high of $70.53.
Winnebago Industries Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.18%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, September 12th. Winnebago Industries’s payout ratio is presently 16.38%.
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 in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.
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