Legato Capital Management LLC raised its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO – Free Report) by 162.3% during the 4th quarter, Holdings Channel reports. The fund owned 56,108 shares of the RV manufacturer’s stock after purchasing an additional 34,719 shares during the period. Legato Capital Management LLC’s holdings in Winnebago Industries were worth $2,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in WGO. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $26,000 after acquiring an additional 364 shares in the last quarter. Hantz Financial Services Inc. raised its stake 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 valued at $40,000 after acquiring an additional 1,073 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake 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 valued at $75,000 after acquiring an additional 309 shares in the last quarter. State of Wyoming raised its stake in Winnebago Industries by 151.4% during the 2nd quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock valued at $99,000 after acquiring an additional 2,051 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Winnebago Industries during the 2nd quarter valued at $100,000.
Wall Street Analyst Weigh In
Several brokerages have weighed in on WGO. Wall Street Zen downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Sunday. Robert W. Baird dropped their price objective on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Citigroup dropped their price objective on Winnebago Industries from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. BMO Capital Markets dropped their price objective on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Finally, Weiss Ratings downgraded Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Winnebago Industries has a consensus rating of “Hold” and a consensus target price of $42.30.
Winnebago Industries Stock Up 1.9%
WGO opened at $29.91 on Friday. Winnebago Industries, Inc. has a one year low of $27.64 and a one year high of $50.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30. The stock’s fifty day moving average is $31.86 and its 200-day moving average is $37.98. The company has a market capitalization of $845.50 million, a PE ratio of 20.35 and a beta of 1.17.
Winnebago Industries (NYSE:WGO – Get Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $657.40 million for the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. On average, equities analysts predict that Winnebago Industries, Inc. will post 2.34 EPS for the current fiscal year.
Winnebago Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.7%. Winnebago Industries’s payout ratio is 95.24%.
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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