Confluence Investment Management LLC lifted its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 102,525 shares of the construction company’s stock after purchasing an additional 2,368 shares during the quarter. Confluence Investment Management LLC’s holdings in Winnebago Industries were worth $7,865,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Cooke & Bieler LP raised its position in Winnebago Industries by 13.8% in the fourth quarter. Cooke & Bieler LP now owns 1,570,739 shares of the construction company’s stock worth $94,150,000 after acquiring an additional 191,002 shares in the last quarter. Morgan Stanley increased its holdings in shares of Winnebago Industries by 477.0% in the 4th quarter. Morgan Stanley now owns 701,212 shares of the construction company’s stock valued at $42,030,000 after purchasing an additional 579,689 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Winnebago Industries by 2.7% in the 4th quarter. Royce & Associates LP now owns 629,256 shares of the construction company’s stock valued at $37,718,000 after purchasing an additional 16,839 shares in the last quarter. Emerald Advisers LLC boosted its holdings in Winnebago Industries by 2.0% during the fourth quarter. Emerald Advisers LLC now owns 305,061 shares of the construction company’s stock worth $18,285,000 after buying an additional 5,899 shares in the last quarter. Finally, Norges Bank acquired a new stake in Winnebago Industries in the fourth quarter valued at $17,517,000. 87.83% of the stock is currently owned by hedge funds and other institutional investors.
WGO stock traded down $1.17 during trading on Thursday, reaching $78.65. 257 shares of the company’s stock were exchanged, compared to its average volume of 733,745. Winnebago Industries, Inc. has a 1-year low of $31.20 and a 1-year high of $87.53. The firm has a market cap of $2.64 billion, a PE ratio of 50.20 and a beta of 2.13. The company’s fifty day moving average price is $76.43 and its 200-day moving average price is $62.71. The company has a quick ratio of 1.48, a current ratio of 2.31 and a debt-to-equity ratio of 0.58.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Tuesday, March 23rd. The construction company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.70. The business had revenue of $839.90 million for the quarter, compared to analysts’ expectations of $798.28 million. Winnebago Industries had a net margin of 2.37% and a return on equity of 9.21%. The company’s revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 earnings per share. As a group, sell-side analysts expect that Winnebago Industries, Inc. will post 2.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 28th. Stockholders of record on Wednesday, April 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Tuesday, April 13th. Winnebago Industries’s dividend payout ratio is currently 13.95%.
In other news, SVP Ashis Nayan Bhattacharya sold 9,139 shares of the business’s stock in a transaction on Wednesday, February 10th. The stock was sold at an average price of $72.93, for a total value of $666,507.27. Following the sale, the senior vice president now owns 26,939 shares of the company’s stock, valued at approximately $1,964,661.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew L. Miller sold 50,000 shares of the company’s stock in a transaction on Wednesday, January 27th. The shares were sold at an average price of $67.54, for a total value of $3,377,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,352 shares of company stock valued at $5,065,821. Company insiders own 3.80% of the company’s stock.
A number of research analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Winnebago Industries from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, March 25th. Truist Securities increased their target price on Winnebago Industries from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, March 31st. Wedbush upped their price target on Winnebago Industries from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, February 4th. Smith Barney Citigroup lifted their price objective on shares of Winnebago Industries from $63.00 to $73.00 in a report on Tuesday, December 22nd. Finally, TheStreet raised shares of Winnebago Industries from a “c+” rating to a “b” rating in a report on Friday, December 18th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $76.87.
Winnebago Industries Company Profile
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.
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