Wellington Management Group LLP Cuts Stake in Winnebago Industries, Inc. (NYSE:WGO)

Wellington Management Group LLP lowered its position 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 (SEC). 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 approximately 0.46% of Winnebago Industries worth $4,227,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. USA Financial Portformulas Corp acquired a new stake in Winnebago Industries during the fourth quarter worth about $227,000. Quadrature Capital Ltd acquired a new stake in Winnebago Industries during the fourth quarter worth about $378,000. Norges Bank acquired a new stake in Winnebago Industries during the fourth quarter worth about $12,541,000. Thrivent Financial for Lutherans raised its stake 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 worth $449,000 after buying an additional 350 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake 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 worth $149,000 after buying an additional 2,998 shares during the period. Institutional investors own 84.86% of the company’s stock.

Shares of Winnebago Industries, Inc. (WGO) opened at 34.10 on Wednesday. Winnebago Industries, Inc. has a one year low of $22.11 and a one year high of $39.30. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 17.03 and a beta of 1.98. The stock has a 50 day moving average of $28.63 and a 200-day moving average of $30.35.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, June 21st. The construction company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.22. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The business had revenue of $476.40 million for the quarter, compared to analysts’ expectations of $440.94 million. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 75.1% compared to the same quarter last year. On average, equities analysts anticipate that Winnebago Industries, Inc. will post $2.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, July 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.17%. Winnebago Industries’s payout ratio is currently 20.00%.

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A number of research firms have issued reports on WGO. BidaskClub upgraded shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Stifel Nicolaus began coverage on shares of Winnebago Industries in a report on Thursday, July 6th. They set a “buy” rating and a $40.00 target price on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $34.00 target price (up from $29.00) on shares of Winnebago Industries in a report on Thursday, June 22nd. Griffin Securities reiterated a “buy” rating on shares of Winnebago Industries in a report on Thursday, March 23rd. Finally, Zacks Investment Research lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a report on Monday, March 27th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Winnebago Industries presently has an average rating of “Buy” and an average price target of $34.83.

In other news, Director Christopher J. Braun bought 5,000 shares of Winnebago Industries stock in a transaction dated Friday, May 12th. The shares were acquired at an average cost of $27.72 per share, with a total value of $138,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.

Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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