Hsbc Holdings PLC lowered its stake in Winnebago Industries, Inc. (NYSE:WGO) by 26.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,439 shares of the construction company’s stock after selling 4,538 shares during the period. Hsbc Holdings PLC’s holdings in Winnebago Industries were worth $750,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in Winnebago Industries by 35.5% during the 1st quarter. First Trust Advisors LP now owns 88,382 shares of the construction company’s stock worth $2,753,000 after acquiring an additional 23,157 shares during the last quarter. Engineers Gate Manager LP grew its holdings in Winnebago Industries by 66.2% in the 3rd quarter. Engineers Gate Manager LP now owns 14,781 shares of the construction company’s stock worth $764,000 after acquiring an additional 5,888 shares during the last quarter. Weld Capital Management LLC bought a new stake in Winnebago Industries in the 3rd quarter worth $522,000. Squarepoint Ops LLC bought a new stake in shares of Winnebago Industries in the 3rd quarter worth approximately $3,340,000. Finally, Point72 Asset Management L.P. increased its stake in shares of Winnebago Industries by 33.4% during the third quarter. Point72 Asset Management L.P. now owns 133,750 shares of the construction company’s stock valued at $6,911,000 after buying an additional 33,517 shares during the period. 87.83% of the stock is owned by institutional investors.
In other Winnebago Industries news, SVP Ashis Nayan Bhattacharya sold 9,139 shares of the firm’s stock in a transaction dated Wednesday, February 10th. The stock was sold at an average price of $72.93, for a total transaction of $666,507.27. Following the sale, the senior vice president now directly owns 26,939 shares of the company’s stock, valued at $1,964,661.27. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Matthew L. Miller sold 50,000 shares of the business’s stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $67.54, for a total value of $3,377,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,352 shares of company stock valued at $5,065,821. Company insiders own 3.80% of the company’s stock.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Tuesday, March 23rd. The construction company reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.70. The firm had revenue of $839.90 million for the quarter, compared to analysts’ expectations of $798.28 million. Winnebago Industries had a return on equity of 9.21% and a net margin of 2.37%. The business’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. On average, sell-side analysts forecast that Winnebago Industries, Inc. will post 2.03 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 28th. Shareholders of record on Wednesday, April 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, April 13th. Winnebago Industries’s dividend payout ratio is currently 13.95%.
Several research firms recently weighed in on WGO. Zacks Investment Research cut shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating and set a $68.00 price target on the stock. in a report on Wednesday, December 23rd. Truist raised their target price on shares of Winnebago Industries from $82.00 to $95.00 in a research note on Thursday, March 25th. Robert W. Baird boosted their price target on Winnebago Industries from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, March 25th. Truist Securities raised their price objective on Winnebago Industries from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, March 31st. Finally, BMO Capital Markets boosted their target price on Winnebago Industries from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, March 25th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $76.87.
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 in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.
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