Nordea Investment Management AB Cuts Stake in Winnebago Industries, Inc. (NYSE:WGO)

Nordea Investment Management AB lowered its stake in shares of Winnebago Industries, Inc. (NYSE:WGOFree Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,261 shares of the construction company’s stock after selling 4,141 shares during the period. Nordea Investment Management AB owned about 0.58% of Winnebago Industries worth $12,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in Winnebago Industries by 45.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,227 shares of the construction company’s stock worth $600,000 after acquiring an additional 2,576 shares during the last quarter. American Century Companies Inc. boosted its holdings in Winnebago Industries by 10.9% in the 3rd quarter. American Century Companies Inc. now owns 471,203 shares of the construction company’s stock valued at $28,013,000 after purchasing an additional 46,325 shares during the last quarter. Deutsche Bank AG boosted its holdings in Winnebago Industries by 8.0% in the 3rd quarter. Deutsche Bank AG now owns 21,899 shares of the construction company’s stock valued at $1,302,000 after purchasing an additional 1,631 shares during the last quarter. Verity Asset Management Inc. acquired a new position in Winnebago Industries in the 3rd quarter valued at about $236,000. Finally, Toroso Investments LLC boosted its holdings in Winnebago Industries by 15.7% in the 3rd quarter. Toroso Investments LLC now owns 22,523 shares of the construction company’s stock valued at $1,339,000 after purchasing an additional 3,051 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. DA Davidson boosted their target price on shares of Winnebago Industries from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, December 26th. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Tuesday. Roth Mkm boosted their price target on shares of Winnebago Industries from $58.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, December 18th. Finally, Truist Financial reduced their price target on shares of Winnebago Industries from $74.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, December 20th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.40.

View Our Latest Analysis on WGO

Winnebago Industries Trading Up 2.7 %

Shares of NYSE:WGO opened at $65.46 on Thursday. Winnebago Industries, Inc. has a 52 week low of $53.94 and a 52 week high of $75.42. The company’s 50 day moving average is $67.43 and its two-hundred day moving average is $65.29. The company has a current ratio of 2.69, a quick ratio of 1.27 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.91 billion, a PE ratio of 12.37 and a beta of 1.71.

Winnebago Industries (NYSE:WGOGet Free Report) last announced its quarterly earnings data on Wednesday, December 20th. The construction company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.12). Winnebago Industries had a net margin of 5.50% and a return on equity of 16.96%. The firm had revenue of $763.00 million during the quarter, compared to analysts’ expectations of $723.79 million. During the same period in the prior year, the company posted $2.07 earnings per share. The company’s revenue for the quarter was down 19.9% on a year-over-year basis. Equities analysts predict that Winnebago Industries, Inc. will post 5.75 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, April 9th. Winnebago Industries’s dividend payout ratio is presently 23.44%.

Insider Activity

In other news, SVP Christopher David West sold 13,564 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $69.08, for a total value of $937,001.12. Following the completion of the transaction, the senior vice president now owns 26,309 shares in the company, valued at approximately $1,817,425.72. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Christopher David West sold 13,564 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $69.08, for a total value of $937,001.12. Following the completion of the transaction, the senior vice president now owns 26,309 shares in the company, valued at approximately $1,817,425.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William C. Fisher sold 1,000 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $72.10, for a total transaction of $72,100.00. Following the completion of the transaction, the director now owns 27,211 shares of the company’s stock, valued at approximately $1,961,913.10. The disclosure for this sale can be found here. Company insiders own 3.75% of the company’s stock.

About Winnebago Industries

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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