Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Comerica Bank

Comerica Bank reduced its stake in shares of Winnebago Industries, Inc. (NYSE:WGOGet Rating) by 13.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,288 shares of the construction company’s stock after selling 3,730 shares during the period. Comerica Bank’s holdings in Winnebago Industries were worth $1,393,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WGO. Advisors Asset Management Inc. raised its holdings in shares of Winnebago Industries by 71.8% during the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock valued at $34,000 after buying an additional 260 shares during the period. Amundi raised its holdings in shares of Winnebago Industries by 180.5% during the 2nd quarter. Amundi now owns 777 shares of the construction company’s stock valued at $40,000 after buying an additional 500 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in shares of Winnebago Industries during the 3rd quarter valued at about $51,000. EMC Capital Management raised its holdings in shares of Winnebago Industries by 50.9% during the 2nd quarter. EMC Capital Management now owns 3,117 shares of the construction company’s stock valued at $151,000 after buying an additional 1,051 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of Winnebago Industries by 79.6% during the 1st quarter. Captrust Financial Advisors now owns 3,134 shares of the construction company’s stock valued at $169,000 after buying an additional 1,389 shares during the period. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WGO shares. MKM Partners dropped their price objective on Winnebago Industries to $53.00 in a report on Thursday, October 20th. Citigroup lifted their price objective on Winnebago Industries from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, December 19th. StockNews.com upgraded Winnebago Industries from a “hold” rating to a “buy” rating in a report on Thursday, October 20th. Finally, DA Davidson dropped their price objective on Winnebago Industries from $60.00 to $54.00 in a report on Monday, October 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Winnebago Industries Price Performance

Shares of WGO opened at $58.93 on Monday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 5.56 and a beta of 1.57. The stock has a 50 day moving average of $56.82 and a 200-day moving average of $57.64. The company has a current ratio of 2.42, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. Winnebago Industries, Inc. has a 52 week low of $43.05 and a 52 week high of $70.44.

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 11th will be given a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, January 10th. This represents a $1.08 annualized dividend and a dividend yield of 1.83%. Winnebago Industries’s payout ratio is 10.19%.

About Winnebago Industries

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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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