Vest Financial LLC Buys 22,477 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Vest Financial LLC lifted its stake in Winnebago Industries, Inc. (NYSE:WGO) by 88.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,858 shares of the construction company’s stock after acquiring an additional 22,477 shares during the period. Vest Financial LLC owned 0.17% of Winnebago Industries worth $2,287,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WGO. Hager Investment Management Services LLC bought a new position in Winnebago Industries in the fourth quarter worth about $216,000. R Squared Ltd bought a new position in shares of Winnebago Industries during the 4th quarter worth approximately $43,000. Cascade Investment Advisors Inc. lifted its position in Winnebago Industries by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock valued at $1,094,000 after acquiring an additional 380 shares during the last quarter. KBC Group NV boosted its stake in Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after acquiring an additional 587 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Winnebago Industries by 9.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after purchasing an additional 506 shares during the last quarter.

Wall Street Analysts Forecast Growth

WGO has been the subject of several analyst reports. Truist Financial decreased their price objective on Winnebago Industries from $64.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research note on Wednesday, January 8th. Robert W. Baird dropped their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, November 11th. Finally, BMO Capital Markets dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Winnebago Industries presently has an average rating of “Moderate Buy” and a consensus target price of $64.78.

Winnebago Industries Stock Performance

NYSE:WGO opened at $44.15 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average price is $49.94 and its 200-day moving average price is $55.29. Winnebago Industries, Inc. has a 1-year low of $44.11 and a 1-year high of $74.10.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). The company had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries’s payout ratio is presently -206.06%.

Winnebago Industries 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.