Pzena Investment Management LLC acquired a new position in Winnebago Industries, Inc. (NYSE:WGO – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 928,962 shares of the RV manufacturer’s stock, valued at approximately $37,642,000. Pzena Investment Management LLC owned about 3.29% of Winnebago Industries at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Winnebago Industries by 90.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after acquiring an additional 364 shares during the period. Hantz Financial Services Inc. grew its holdings in Winnebago Industries by 825.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock worth $40,000 after acquiring an additional 1,073 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Winnebago Industries by 15.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after acquiring an additional 309 shares during the period. State of Wyoming grew its holdings in Winnebago Industries by 151.4% during the 2nd quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock worth $99,000 after acquiring an additional 2,051 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Winnebago Industries during the 2nd quarter worth $100,000.
Wall Street Analyst Weigh In
WGO has been the subject of a number of analyst reports. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Weiss Ratings lowered shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Robert W. Baird lowered their target price on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Citigroup lowered their target price on shares of Winnebago Industries from $54.00 to $46.00 and set a “buy” rating for the company in a report on Friday, March 27th. Finally, Wall Street Zen raised shares of Winnebago Industries from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Winnebago Industries currently has an average rating of “Hold” and a consensus price target of $42.30.
Winnebago Industries Price Performance
Shares of WGO stock opened at $29.29 on Friday. Winnebago Industries, Inc. has a 12-month low of $27.64 and a 12-month high of $50.16. The firm has a market capitalization of $827.97 million, a price-to-earnings ratio of 19.92 and a beta of 1.17. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $31.94 and a 200-day moving average of $38.04.
Winnebago Industries (NYSE:WGO – Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The company had revenue of $657.40 million during the quarter, compared to analyst estimates of $628.00 million. During the same quarter in the previous year, the business earned $0.19 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that Winnebago Industries, Inc. will post 2.33 earnings per share for the current year.
Winnebago Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, June 10th. Winnebago Industries’s payout ratio is currently 95.24%.
About Winnebago Industries
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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