Investors Buy High Volume of Put Options on Winnebago Industries (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) was the target of some unusual options trading on Wednesday. Investors bought 3,243 put options on the stock. This is an increase of approximately 1,062% compared to the average daily volume of 279 put options.

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its holdings in Winnebago Industries by 402.4% in the 1st quarter. Versant Capital Management Inc now owns 839 shares of the construction company’s stock worth $26,000 after purchasing an additional 672 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Winnebago Industries by 103.4% during the 4th quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock worth $40,000 after acquiring an additional 841 shares in the last quarter. AlphaOne Investment Services LLC raised its holdings in shares of Winnebago Industries by 39.7% during the 4th quarter. AlphaOne Investment Services LLC now owns 1,721 shares of the construction company’s stock worth $42,000 after acquiring an additional 489 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Winnebago Industries by 27.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock worth $48,000 after acquiring an additional 428 shares in the last quarter. Finally, Brasada Capital Management LP purchased a new stake in shares of Winnebago Industries during the 1st quarter worth approximately $171,000. 97.18% of the stock is owned by institutional investors.

WGO has been the subject of several recent research reports. ValuEngine raised China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Northcoast Research started coverage on LCI Industries in a research report on Friday, June 14th. They issued a “neutral” rating for the company. SunTrust Banks lifted their price target on Everbridge to $100.00 and gave the stock a “positive” rating in a research report on Thursday, June 20th. BMO Capital Markets lifted their price target on Axalta Coating Systems to $34.00 and gave the stock a “market perform” rating in a research report on Friday, June 21st. Finally, Jefferies Financial Group set a $106.00 target price on Churchill Downs and gave the stock a “buy” rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $42.00.

Shares of Winnebago Industries stock traded up $1.33 during trading hours on Friday, reaching $39.01. 316,759 shares of the stock traded hands, compared to its average volume of 515,305. The business’s 50 day moving average is $36.47. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 0.49 and a beta of 1.60. Winnebago Industries has a one year low of $19.77 and a one year high of $43.15. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 0.42.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, June 19th. The construction company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.09. The company had revenue of $528.90 million during the quarter, compared to analyst estimates of $560.77 million. Winnebago Industries had a net margin of 5.51% and a return on equity of 18.94%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 EPS. On average, sell-side analysts expect that Winnebago Industries will post 3.48 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 19th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, June 18th. Winnebago Industries’s dividend payout ratio is 13.97%.

Winnebago Industries Company 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 in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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