Capstone Investment Advisors LLC Takes Position in Winnebago Industries, Inc. (NYSE:WGO)

Capstone Investment Advisors LLC purchased a new stake in Winnebago Industries, Inc. (NYSE:WGO) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,969 shares of the construction company’s stock, valued at approximately $1,182,000.

A number of other large investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Winnebago Industries by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,239 shares of the construction company’s stock valued at $161,448,000 after acquiring an additional 44,987 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Winnebago Industries by 10.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock valued at $121,044,000 after acquiring an additional 161,987 shares in the last quarter. Broad Peak Investment Holdings Ltd. increased its holdings in Winnebago Industries by 108.2% during the 4th quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock valued at $53,325,000 after acquiring an additional 380,200 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Winnebago Industries by 44.7% during the 4th quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock valued at $49,212,000 after acquiring an additional 208,452 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Winnebago Industries by 10.9% during the 3rd quarter. American Century Companies Inc. now owns 471,203 shares of the construction company’s stock valued at $28,013,000 after acquiring an additional 46,325 shares in the last quarter.

Winnebago Industries Trading Down 2.7 %

Shares of WGO traded down $1.42 during mid-day trading on Friday, hitting $51.84. The company had a trading volume of 455,432 shares, compared to its average volume of 684,806. The business’s 50-day simple moving average is $58.88 and its 200-day simple moving average is $64.93. 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 1-year low of $51.02 and a 1-year high of $75.42. The stock has a market cap of $1.50 billion, a PE ratio of 20.02 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The company had revenue of $786.00 million during the quarter, compared to analyst estimates of $798.26 million. During the same period in the prior year, the business posted $2.13 earnings per share. Winnebago Industries’s revenue was down 12.7% on a year-over-year basis. Sell-side analysts forecast that Winnebago Industries, Inc. will post 4.29 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were given a $0.31 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 2.39%. Winnebago Industries’s dividend payout ratio is presently 47.88%.

Analyst Ratings Changes

Several equities analysts have weighed in on WGO shares. Truist Financial dropped their target price on shares of Winnebago Industries from $76.00 to $68.00 and set a “buy” rating for the company in a report on Friday, June 21st. BMO Capital Markets lowered their price target 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 price target on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, June 21st. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Finally, DA Davidson lifted their price target on shares of Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Winnebago Industries currently has an average rating of “Moderate Buy” and an average target price of $68.50.

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 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.