Sound Income Strategies LLC Has $41,000 Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Sound Income Strategies LLC raised its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 69.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 700 shares of the construction company’s stock after buying an additional 286 shares during the quarter. Sound Income Strategies LLC’s holdings in Winnebago Industries were worth $41,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Lakewood Asset Management LLC raised its stake in Winnebago Industries by 7.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 5,378 shares of the construction company’s stock valued at $313,000 after purchasing an additional 355 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after buying an additional 316 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Winnebago Industries in the third quarter valued at about $850,000. Sanctuary Advisors LLC bought a new stake in shares of Winnebago Industries in the second quarter valued at about $370,000. Finally, The Manufacturers Life Insurance Company grew its position in Winnebago Industries by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 15,697 shares of the construction company’s stock worth $851,000 after buying an additional 737 shares in the last quarter.

Insider Transactions at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the transaction, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.75% of the company’s stock.

Winnebago Industries Stock Performance

NYSE WGO opened at $58.44 on Tuesday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 22.56 and a beta of 1.61. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. Winnebago Industries, Inc. has a 1-year low of $49.68 and a 1-year high of $75.42. The company has a 50 day moving average of $57.66 and a 200-day moving average of $59.33.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.36 dividend on an annualized basis and a yield of 2.33%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s payout ratio is currently 52.51%.

Analysts Set New Price Targets

Several equities analysts have commented on WGO shares. Truist Financial upped their price target on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, September 20th. Benchmark started coverage on shares of Winnebago Industries in a report on Thursday, July 18th. They issued a “buy” rating and a $75.00 price target on the stock. BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Roth Mkm lowered their target price on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Finally, Robert W. Baird cut their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.00.

Winnebago Industries 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.