Fox Run Management L.L.C. acquired a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,100 shares of the construction company’s stock, valued at approximately $541,000.
Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Winnebago Industries in the second quarter valued at $107,000. Pinebridge Investments L.P. lifted its holdings in Winnebago Industries by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock worth $123,000 after acquiring an additional 35 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Winnebago Industries by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock worth $125,000 after purchasing an additional 536 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Winnebago Industries by 78.6% during the second quarter. State of Alaska Department of Revenue now owns 5,233 shares of the construction company’s stock worth $183,000 after purchasing an additional 2,303 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Winnebago Industries during the 2nd quarter valued at $201,000. 83.74% of the stock is currently owned by institutional investors.
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Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a report on Thursday, October 5th. BidaskClub upgraded shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. BMO Capital Markets reiterated a “hold” rating and set a $34.00 price target on shares of Winnebago Industries in a research report on Friday, October 13th. ValuEngine downgraded Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $45.00 price target on shares of Winnebago Industries in a research report on Friday, October 20th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $46.17.
Winnebago Industries, Inc. (NYSE:WGO) remained flat at $$48.45 during trading hours on Tuesday. 384,800 shares of the stock were exchanged, compared to its average volume of 514,153. The company has a market capitalization of $1,541.04, a PE ratio of 16.48 and a beta of 2.03. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.88 and a quick ratio of 1.03. Winnebago Industries, Inc. has a one year low of $24.15 and a one year high of $49.90.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Thursday, October 19th. The construction company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.09. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. The business had revenue of $454.90 million during the quarter, compared to analyst estimates of $444.50 million. During the same quarter in the previous year, the business earned $0.49 EPS. Winnebago Industries’s quarterly revenue was up 72.8% compared to the same quarter last year. equities research analysts expect that Winnebago Industries, Inc. will post 2.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.83%. The ex-dividend date is Tuesday, November 14th. Winnebago Industries’s dividend payout ratio (DPR) is 17.39%.
Winnebago Industries declared that its board has authorized a stock buyback plan on Thursday, October 19th that authorizes the company to buyback $70.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Winnebago Industries 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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