EMC Capital Management Sells 13,213 Shares of Winnebago Industries, Inc. (NYSE:WGO)

EMC Capital Management cut its stake in Winnebago Industries, Inc. (NYSE:WGO) by 72.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,057 shares of the construction company’s stock after selling 13,213 shares during the quarter. EMC Capital Management’s holdings in Winnebago Industries were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. State Street Corp raised its position in Winnebago Industries by 0.6% in the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after buying an additional 6,979 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Winnebago Industries by 10.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock worth $33,408,000 after purchasing an additional 54,272 shares in the last quarter. Millennium Management LLC increased its stake in Winnebago Industries by 1,772.8% in the 2nd quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after buying an additional 199,264 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Winnebago Industries by 1,242.6% during the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after buying an additional 168,055 shares in the last quarter.

Winnebago Industries Trading Up 3.1 %

Winnebago Industries stock opened at $48.35 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. Winnebago Industries, Inc. has a fifty-two week low of $45.44 and a fifty-two week high of $74.10. The firm’s fifty day moving average price is $51.50 and its 200-day moving average price is $55.82.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business had revenue of $625.60 million during the quarter, compared to the consensus estimate 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 was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.06 earnings per share. As a group, analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share 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 paid a $0.34 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.81%. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Analysts Set New Price Targets

Several research firms have weighed in on WGO. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. Truist Financial cut their target price on shares of Winnebago Industries from $64.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Robert W. Baird dropped their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Benchmark restated a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.78.

Winnebago Industries Company 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.