Empowered Funds LLC Purchases 6,326 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Empowered Funds LLC raised its position in Winnebago Industries, Inc. (NYSE:WGO) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,517 shares of the construction company’s stock after acquiring an additional 6,326 shares during the period. Empowered Funds LLC owned approximately 0.46% of Winnebago Industries worth $6,236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Winnebago Industries by 0.6% during the third quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after buying an additional 6,979 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Winnebago Industries by 10.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock valued at $33,408,000 after purchasing an additional 54,272 shares during the period. Janus Henderson Group PLC raised its stake in shares of Winnebago Industries by 1,242.6% in the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after purchasing an additional 168,055 shares during the last quarter. Finally, De Lisle Partners LLP lifted its holdings in shares of Winnebago Industries by 9.8% during the third quarter. De Lisle Partners LLP now owns 145,223 shares of the construction company’s stock worth $8,440,000 after purchasing an additional 13,000 shares during the period.

Winnebago Industries Stock Up 2.0 %

WGO stock opened at $45.03 on Tuesday. The company’s 50 day moving average price is $49.68 and its 200 day moving average price is $55.18. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -68.22 and a beta of 1.62. Winnebago Industries, Inc. has a fifty-two week low of $44.11 and a fifty-two week high of $74.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. During the same period last year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was down 18.0% on a year-over-year basis. On average, equities research analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s payout ratio is currently -206.06%.

Analysts Set New Price Targets

WGO has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. BMO Capital Markets lowered their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Truist Financial boosted their price objective on Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday. DA Davidson dropped their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Finally, Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

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.