Morgan Stanley increased its stake in Winnebago Industries, Inc. (NYSE:WGO) by 96.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,369 shares of the construction company’s stock after purchasing an additional 90,985 shares during the quarter. Morgan Stanley’s holdings in Winnebago Industries were worth $7,165,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. NEXT Financial Group Inc purchased a new position in shares of Winnebago Industries in the 2nd quarter valued at about $42,000. Advisory Services Network LLC purchased a new position in shares of Winnebago Industries in the 2nd quarter valued at about $144,000. GSA Capital Partners LLP purchased a new position in shares of Winnebago Industries in the 2nd quarter valued at about $226,000. Xact Kapitalforvaltning AB purchased a new position in shares of Winnebago Industries in the 2nd quarter valued at about $230,000. Finally, LPL Financial LLC purchased a new position in shares of Winnebago Industries in the 2nd quarter valued at about $260,000. Institutional investors and hedge funds own 95.62% of the company’s stock.
NYSE:WGO opened at $41.30 on Friday. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $36.58 and a two-hundred day moving average price of $36.08. Winnebago Industries, Inc. has a twelve month low of $19.77 and a twelve month high of $42.21. The company has a market capitalization of $1.28 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 0.47 and a beta of 1.65.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.44 annualized dividend and a yield of 1.07%. Winnebago Industries’s dividend payout ratio (DPR) is currently 13.97%.
WGO has been the subject of a number of research analyst reports. Sidoti cut their price target on shares of Winnebago Industries from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, September 6th. ValuEngine upgraded shares of Winnebago Industries from a “strong sell” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets increased their price target on shares of Winnebago Industries to $46.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Finally, Robert W. Baird set a $42.00 price target on shares of Winnebago Industries and gave the company a “buy” rating in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $42.00.
Winnebago Industries 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 five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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