Hillsdale Investment Management Inc. purchased a new position in Winnebago Industries, Inc. (NYSE:WGO – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 129,700 shares of the RV manufacturer’s stock, valued at approximately $5,255,000.
A number of other large investors have also bought and sold shares of the stock. Verdence Capital Advisors LLC grew its holdings in Winnebago Industries by 4.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 5,916 shares of the RV manufacturer’s stock worth $240,000 after purchasing an additional 244 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after purchasing an additional 309 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Winnebago Industries by 90.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after purchasing an additional 364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Winnebago Industries by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock worth $568,000 after purchasing an additional 401 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in Winnebago Industries by 2.6% in the fourth quarter. State of Alaska Department of Revenue now owns 15,900 shares of the RV manufacturer’s stock worth $643,000 after purchasing an additional 402 shares during the period.
Winnebago Industries Stock Down 2.2%
Winnebago Industries stock opened at $29.65 on Friday. Winnebago Industries, Inc. has a 1-year low of $27.64 and a 1-year high of $50.16. The firm has a market capitalization of $838.23 million, a price-to-earnings ratio of 20.17 and a beta of 1.17. The firm’s fifty day moving average price is $31.50 and its two-hundred day moving average price is $37.74. The company has a current ratio of 2.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36.
Winnebago Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio (DPR) is presently 95.24%.
Analyst Ratings Changes
A number of research firms have weighed in on WGO. BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Wall Street Zen lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Citigroup lowered shares of Winnebago Industries from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $30.00 in a research note on Wednesday. Truist Financial dropped their price objective on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Finally, Robert W. Baird dropped their price objective on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.70.
Get Our Latest Analysis on WGO
Winnebago Industries Company Profile
Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.
In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.
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