American Century Companies Inc. increased its stake in shares of Winnebago Industries, Inc. (NYSE:WGO – Get Rating) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 345,577 shares of the construction company’s stock after purchasing an additional 74,715 shares during the quarter. American Century Companies Inc. owned approximately 1.13% of Winnebago Industries worth $18,212,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Winnebago Industries by 0.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 22,087 shares of the construction company’s stock valued at $1,073,000 after acquiring an additional 192 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Winnebago Industries by 6.2% in the first quarter. Guggenheim Capital LLC now owns 3,947 shares of the construction company’s stock valued at $213,000 after buying an additional 232 shares in the last quarter. Franklin Resources Inc. grew its stake in Winnebago Industries by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 91,333 shares of the construction company’s stock worth $4,813,000 after purchasing an additional 247 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Winnebago Industries by 71.8% during the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after purchasing an additional 260 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Winnebago Industries by 1.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 29,117 shares of the construction company’s stock worth $1,614,000 after acquiring an additional 288 shares in the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, SVP Christopher David West sold 7,210 shares of the stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $56.61, for a total transaction of $408,158.10. Following the sale, the senior vice president now directly owns 25,383 shares of the company’s stock, valued at $1,436,931.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.92% of the stock is owned by insiders.
Winnebago Industries Trading Up 3.6 %
Shares of NYSE:WGO opened at $65.16 on Thursday. The stock has a market capitalization of $1.99 billion, a PE ratio of 6.91 and a beta of 1.64. Winnebago Industries, Inc. has a 1 year low of $44.00 and a 1 year high of $70.53. The firm has a fifty day moving average price of $57.90 and a 200 day moving average price of $58.89. The company has a current ratio of 2.50, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44.
Winnebago Industries (NYSE:WGO – Get Rating) last released its earnings results on Wednesday, March 22nd. The construction company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.56. Winnebago Industries had a net margin of 7.02% and a return on equity of 28.67%. The business had revenue of $866.70 million during the quarter, compared to analysts’ expectations of $783.72 million. During the same quarter last year, the company earned $3.14 earnings per share. The firm’s revenue was down 25.6% on a year-over-year basis. Analysts expect that Winnebago Industries, Inc. will post 7.4 EPS for the current fiscal year.
Winnebago Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, June 13th. Winnebago Industries’s payout ratio is 11.45%.
Wall Street Analyst Weigh In
WGO has been the subject of several analyst reports. Truist Financial lowered their price objective on Winnebago Industries from $76.00 to $72.00 in a research report on Thursday, May 25th. Citigroup upped their price target on Winnebago Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 24th. Roth Capital reissued a “neutral” rating on shares of Winnebago Industries in a research note on Monday, March 20th. KeyCorp initiated coverage on Winnebago Industries in a report on Wednesday, April 19th. They issued a “sector weight” rating on the stock. Finally,
Read More: American Century Companies Inc. Raises Stock Holdings in Winnebago Industries,