California Public Employees Retirement System Raises Position in Winnebago Industries, Inc. (NYSE:WGO)

California Public Employees Retirement System increased its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,300 shares of the construction company’s stock after acquiring an additional 3,300 shares during the period. California Public Employees Retirement System owned about 0.30% of Winnebago Industries worth $4,220,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WGO. BlackRock Inc. raised its stake in shares of Winnebago Industries by 6.5% in the second quarter. BlackRock Inc. now owns 3,426,574 shares of the construction company’s stock worth $119,930,000 after acquiring an additional 210,269 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Winnebago Industries by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,864,305 shares of the construction company’s stock worth $83,427,000 after buying an additional 18,016 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Winnebago Industries by 6.7% during the second quarter. Vanguard Group Inc. now owns 1,567,654 shares of the construction company’s stock worth $54,868,000 after buying an additional 97,867 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Winnebago Industries by 1.4% during the second quarter. Franklin Resources Inc. now owns 978,429 shares of the construction company’s stock worth $34,245,000 after buying an additional 13,940 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Winnebago Industries by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 707,926 shares of the construction company’s stock worth $31,679,000 after buying an additional 10,975 shares during the last quarter. Institutional investors and hedge funds own 83.25% of the company’s stock.

Winnebago Industries, Inc. (NYSE WGO) opened at $54.40 on Thursday. The company has a debt-to-equity ratio of 0.59, 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 $58.65. The company has a market cap of $1,677.78, a PE ratio of 22.20 and a beta of 2.08.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Winnebago Industries had a net margin of 4.43% and a return on equity of 21.47%. The firm had revenue of $450.00 million for the quarter, compared to the consensus estimate of $387.12 million. During the same period in the prior year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 83.4% on a year-over-year basis. research analysts anticipate that Winnebago Industries, Inc. will post 3.07 EPS for the current fiscal year.

Winnebago Industries announced that its board has authorized a share repurchase plan on Thursday, October 19th that authorizes the company to repurchase $70.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. Winnebago Industries’s payout ratio is currently 16.33%.

A number of research analysts recently issued reports on WGO shares. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Tuesday, December 19th. BMO Capital Markets reiterated a “hold” rating and issued a $34.00 price target on shares of Winnebago Industries in a report on Friday, October 13th. ValuEngine lowered shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks reissued a “hold” rating and issued a $45.00 price objective on shares of Winnebago Industries in a research report on Friday, October 20th. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $48.00 price target (up from $38.00) on shares of Winnebago Industries in a research report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Winnebago Industries has a consensus rating of “Buy” and a consensus price target of $52.17.

WARNING: This piece of content was originally published by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://weekherald.com/2018/01/18/california-public-employees-retirement-system-acquires-3300-shares-of-winnebago-industries-inc-wgo.html.

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.

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

Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply