Wellington Management Group LLP decreased its stake in Winnebago Industries, Inc. (NYSE:WGO) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 144,508 shares of the construction company’s stock after selling 20,818 shares during the period. Wellington Management Group LLP owned 0.46% of Winnebago Industries worth $4,227,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Portformulas Corp acquired a new position in Winnebago Industries during the fourth quarter valued at approximately $227,000. Quadrature Capital Ltd acquired a new position in Winnebago Industries during the fourth quarter valued at approximately $378,000. Norges Bank acquired a new position in Winnebago Industries during the fourth quarter valued at approximately $12,541,000. Thrivent Financial for Lutherans increased its position in Winnebago Industries by 2.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,180 shares of the construction company’s stock valued at $449,000 after buying an additional 350 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Winnebago Industries by 176.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,698 shares of the construction company’s stock valued at $149,000 after buying an additional 2,998 shares during the period. 77.40% of the stock is currently owned by hedge funds and other institutional investors.
Winnebago Industries, Inc. (NYSE WGO) traded up 1.85% during mid-day trading on Friday, reaching $35.85. 346,403 shares of the company traded hands. The company’s 50 day moving average price is $34.13 and its 200 day moving average price is $30.59. The firm has a market capitalization of $1.13 billion, a P/E ratio of 17.91 and a beta of 1.98. Winnebago Industries, Inc. has a 12-month low of $22.11 and a 12-month high of $39.30.
Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, June 21st. The construction company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.22. Winnebago Industries had a return on equity of 20.01% and a net margin of 4.39%. The business had revenue of $476.40 million for the quarter, compared to analyst estimates of $440.94 million. During the same quarter last year, the firm posted $0.53 earnings per share. The business’s revenue was up 75.1% compared to the same quarter last year. Equities research analysts predict that Winnebago Industries, Inc. will post $2.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 12th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, July 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.12%. Winnebago Industries’s payout ratio is 20.00%.
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Several research analysts have commented on the stock. BidaskClub downgraded shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Stifel Nicolaus assumed coverage on shares of Winnebago Industries in a research note on Thursday, July 6th. They set a “buy” rating and a $40.00 price target on the stock. BMO Capital Markets reissued a “market perform” rating and set a $34.00 price target (up from $29.00) on shares of Winnebago Industries in a research note on Thursday, June 22nd. Finally, CL King assumed coverage on shares of Winnebago Industries in a research note on Monday, April 24th. They issued a “buy” rating and a $32.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.83.
In other Winnebago Industries news, Director Christopher J. Braun bought 5,000 shares of Winnebago Industries stock in a transaction on Friday, May 12th. The shares were acquired at an average price of $27.72 per share, for a total transaction of $138,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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