Teton Advisors Inc. Has $2.10 Million Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Teton Advisors Inc. cut its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,400 shares of the construction company’s stock after selling 300 shares during the period. Teton Advisors Inc. owned 0.12% of Winnebago Industries worth $2,100,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State of Wyoming acquired a new position in shares of Winnebago Industries during the 4th quarter worth about $26,000. Advisors Asset Management Inc. increased its stake 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 worth $34,000 after purchasing an additional 260 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in shares of Winnebago Industries during the 4th quarter worth about $48,000. Ronald Blue Trust Inc. grew its stake in Winnebago Industries by 35.9% in the 1st quarter. Ronald Blue Trust Inc. now owns 1,379 shares of the construction company’s stock valued at $73,000 after buying an additional 364 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Winnebago Industries by 134,200.0% in the 1st quarter. Federated Hermes Inc. now owns 1,343 shares of the construction company’s stock valued at $77,000 after buying an additional 1,342 shares during the last quarter.

Insider Activity at Winnebago Industries

In related news, insider Donald Jeff Clark sold 294,829 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $67.89, for a total value of $20,015,940.81. Following the sale, the insider now directly owns 468,997 shares of the company’s stock, valued at $31,840,206.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on WGO. Truist Financial upped their price target on shares of Winnebago Industries from $72.00 to $75.00 in a research note on Thursday, June 22nd. StockNews.com began coverage on shares of Winnebago Industries in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, DA Davidson upped their price target on shares of Winnebago Industries from $57.00 to $59.00 in a research note on Friday, June 23rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $68.75.

Winnebago Industries Price Performance

Shares of WGO traded down $0.53 during trading hours on Friday, hitting $61.49. 39,585 shares of the company were exchanged, compared to its average volume of 449,439. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 8.19 and a beta of 1.70. Winnebago Industries, Inc. has a fifty-two week low of $50.82 and a fifty-two week high of $70.53. The company has a quick ratio of 1.14, a current ratio of 2.45 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average is $66.27 and its 200 day moving average is $61.95.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, June 21st. The construction company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.35. The company had revenue of $900.80 million for the quarter, compared to analyst estimates of $977.15 million. Winnebago Industries had a return on equity of 23.45% and a net margin of 6.53%. Winnebago Industries’s quarterly revenue was down 38.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.13 EPS. On average, equities analysts anticipate that Winnebago Industries, Inc. will post 7.55 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 2.02%. Winnebago Industries’s dividend payout ratio (DPR) is 14.27%.

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.