Rice Hall James & Associates LLC acquired a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO) during the second quarter, Holdings Channel reports. The institutional investor acquired 383,242 shares of the construction company’s stock, valued at approximately $13,413,000.
Other large investors have also added to or reduced their stakes in the company. Boston Partners increased its stake in Winnebago Industries by 2.2% in the first quarter. Boston Partners now owns 254,302 shares of the construction company’s stock valued at $7,438,000 after buying an additional 5,471 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Winnebago Industries during the first quarter worth about $699,000. Stoneridge Investment Partners LLC increased its stake in shares of Winnebago Industries by 43.0% in the first quarter. Stoneridge Investment Partners LLC now owns 27,978 shares of the construction company’s stock worth $818,000 after buying an additional 8,407 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Winnebago Industries by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 38,792 shares of the construction company’s stock worth $1,133,000 after buying an additional 2,907 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Winnebago Industries by 160.8% in the first quarter. Wells Fargo & Company MN now owns 62,689 shares of the construction company’s stock worth $1,833,000 after buying an additional 38,654 shares during the last quarter. 77.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of Winnebago Industries, Inc. (NYSE:WGO) opened at 34.85 on Friday. Winnebago Industries, Inc. has a one year low of $22.11 and a one year high of $39.30. The stock has a 50 day moving average of $35.19 and a 200-day moving average of $30.81. The stock has a market capitalization of $1.10 billion, a P/E ratio of 17.41 and a beta of 1.98.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, June 21st. The construction company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.22. The company had revenue of $476.40 million during the quarter, compared to the consensus estimate of $440.94 million. Winnebago Industries had a return on equity of 20.01% and a net margin of 4.39%. The firm’s revenue was up 75.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. Equities analysts forecast that Winnebago Industries, Inc. will post $2.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, July 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. Winnebago Industries’s dividend payout ratio (DPR) is presently 20.00%.
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WGO has been the topic of a number of recent analyst reports. CL King initiated coverage on shares of Winnebago Industries in a report on Monday, April 24th. They issued a “buy” rating and a $32.00 price target on the stock. BidaskClub raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. BMO Capital Markets reissued a “market perform” rating and issued a $34.00 price target (up from $29.00) on shares of Winnebago Industries in a report on Thursday, June 22nd. Finally, Stifel Nicolaus initiated coverage on shares of Winnebago Industries in a report on Thursday, July 6th. They issued a “buy” rating and a $40.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $34.83.
About Winnebago Industries
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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