MQS Management LLC bought a new stake in Winnebago Industries, Inc. (NYSE:WGO – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,983 shares of the construction company’s stock, valued at approximately $421,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in Winnebago Industries by 2.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,220 shares of the construction company’s stock worth $810,000 after purchasing an additional 370 shares during the period. FORA Capital LLC purchased a new stake in shares of Winnebago Industries in the third quarter worth approximately $417,000. LSV Asset Management lifted its stake in shares of Winnebago Industries by 17.1% during the 4th quarter. LSV Asset Management now owns 1,241,415 shares of the construction company’s stock worth $65,423,000 after acquiring an additional 181,500 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Winnebago Industries during the 3rd quarter valued at $563,000. Finally, TD Asset Management Inc. bought a new position in Winnebago Industries in the 3rd quarter valued at $1,063,000. Hedge funds and other institutional investors own 97.63% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Truist Financial lifted their target price on Winnebago Industries from $62.00 to $76.00 in a research report on Friday, February 17th. StockNews.com assumed coverage on shares of Winnebago Industries in a research note on Thursday. They issued a “hold” rating on the stock. Northcoast Research downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Monday, February 6th. Roth Capital reissued a “neutral” rating on shares of Winnebago Industries in a research note on Monday, March 20th. Finally, Citigroup lifted their target price on Winnebago Industries from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.00.
Winnebago Industries Stock Down 1.6 %
Shares of NYSE:WGO traded down $0.91 on Friday, reaching $57.53. The company had a trading volume of 117,708 shares, compared to its average volume of 473,211. The firm has a market capitalization of $1.76 billion, a PE ratio of 6.20 and a beta of 1.63. 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, Inc. has a 52-week low of $43.05 and a 52-week high of $70.53. The firm’s 50 day simple moving average is $57.55 and its 200-day simple moving average is $58.99.
Winnebago Industries (NYSE:WGO – Get Rating) last announced its earnings results on Wednesday, March 22nd. The construction company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $783.72 million. During the same period in the previous year, the company posted $3.14 earnings per share. The firm’s revenue was down 25.6% on a year-over-year basis. As a group, analysts expect that Winnebago Industries, Inc. will post 7.43 earnings per share for the current fiscal year.
Winnebago Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.88%. Winnebago Industries’s payout ratio is presently 11.45%.
Insider Transactions at Winnebago Industries
In other Winnebago Industries news, SVP Christopher David West sold 7,210 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 25,383 shares of the company’s stock, valued at approximately $1,436,931.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own…
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