Winnebago Industries, Inc. $WGO Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its stake in Winnebago Industries, Inc. (NYSE:WGO) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 373,513 shares of the RV manufacturer’s stock after selling 39,569 shares during the quarter. William Blair Investment Management LLC’s holdings in Winnebago Industries were worth $15,135,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Allianz Asset Management GmbH grew its position in shares of Winnebago Industries by 30.8% in the third quarter. Allianz Asset Management GmbH now owns 54,597 shares of the RV manufacturer’s stock valued at $1,826,000 after purchasing an additional 12,872 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Winnebago Industries in the third quarter valued at about $1,093,000. Royce & Associates LP acquired a new stake in shares of Winnebago Industries in the third quarter valued at about $6,838,000. Gamco Investors INC. ET AL grew its position in shares of Winnebago Industries by 55.6% in the third quarter. Gamco Investors INC. ET AL now owns 225,429 shares of the RV manufacturer’s stock valued at $7,538,000 after purchasing an additional 80,559 shares during the period. Finally, UBS Group AG grew its position in shares of Winnebago Industries by 224.7% in the fourth quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock valued at $54,870,000 after purchasing an additional 937,140 shares during the period.

Winnebago Industries Stock Performance

NYSE:WGO opened at $29.91 on Tuesday. The company’s 50-day moving average price is $31.79 and its 200-day moving average price is $37.94. The company has a current ratio of 2.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. The company has a market cap of $845.50 million, a P/E ratio of 20.35 and a beta of 1.17. Winnebago Industries, Inc. has a twelve month low of $27.64 and a twelve month high of $50.16.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $657.40 million for the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. On average, sell-side analysts forecast that Winnebago Industries, Inc. will post 2.34 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio (DPR) is currently 95.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WGO. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Wall Street Zen lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Sunday. Robert W. Baird dropped their target price on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Citigroup dropped their target price on shares of Winnebago Industries from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, Weiss Ratings downgraded shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Winnebago Industries currently has an average rating of “Hold” and a consensus target price of $42.30.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.