ProShare Advisors LLC Sells 1,355 Shares of Winnebago Industries, Inc. (NYSE:WGO)

ProShare Advisors LLC lowered its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 23.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,389 shares of the construction company’s stock after selling 1,355 shares during the quarter. ProShare Advisors LLC’s holdings in Winnebago Industries were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. 1832 Asset Management L.P. boosted its stake in Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after buying an additional 832,187 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after purchasing an additional 463,257 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Winnebago Industries during the 2nd quarter valued at $9,708,000. Goldman Sachs Group Inc. raised its position in Winnebago Industries by 10.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after purchasing an additional 161,987 shares during the period. Finally, First Trust Advisors LP lifted its stake in Winnebago Industries by 53.4% in the fourth quarter. First Trust Advisors LP now owns 460,771 shares of the construction company’s stock worth $33,581,000 after purchasing an additional 160,431 shares during the last quarter.

Winnebago Industries Stock Performance

NYSE:WGO opened at $57.85 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. Winnebago Industries, Inc. has a twelve month low of $49.68 and a twelve month high of $75.42. The stock has a market cap of $1.68 billion, a P/E ratio of 22.34 and a beta of 1.61. The firm’s fifty day simple moving average is $58.00 and its 200 day simple moving average is $60.01.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.36 annualized dividend and a dividend yield of 2.35%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s payout ratio is currently 52.51%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Benchmark initiated coverage on Winnebago Industries in a report on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective on the stock. BMO Capital Markets lowered their price objective on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Citigroup raised their target price on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, July 12th. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Friday, September 27th. Finally, Truist Financial increased their price target on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.00.

Insider Buying and Selling

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total transaction of $193,247.34. Following the sale, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.75% of the stock is owned by insiders.

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 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.