Empowered Funds LLC purchased a new position in Winnebago Industries, Inc. (NYSE:WGO – Free Report) during the second quarter, Holdings Channel.com reports. The firm purchased 139,665 shares of the RV manufacturer’s stock, valued at approximately $4,363,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in Winnebago Industries by 90.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after purchasing an additional 364 shares during the last quarter. Allworth Financial LP acquired a new position in Winnebago Industries in the 2nd quarter worth about $33,000. Clearstead Advisors LLC purchased a new stake in shares of Winnebago Industries during the 4th quarter worth about $35,000. Hantz Financial Services Inc. raised its stake in shares of Winnebago Industries by 36.2% during the 4th quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock worth $66,000 after purchasing an additional 435 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of 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 buying an additional 309 shares during the last quarter.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on WGO shares. Griffin Securities set a $35.00 price target on Winnebago Industries in a research note on Monday, June 15th. KeyCorp reaffirmed a “sector weight” rating on shares of Winnebago Industries in a research report on Friday, June 26th. Benchmark reduced their target price on shares of Winnebago Industries from $48.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Citigroup boosted their target price on shares of Winnebago Industries from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Finally, Zacks Research lowered shares of Winnebago Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.33.
Winnebago Industries Stock Performance
WGO opened at $30.07 on Tuesday. The company has a market cap of $850.08 million, a PE ratio of 22.11 and a beta of 1.11. The stock has a 50-day moving average of $30.97 and a 200-day moving average of $32.59. Winnebago Industries, Inc. has a 52-week low of $26.80 and a 52-week high of $50.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 2.37.
Winnebago Industries (NYSE:WGO – Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. The company had revenue of $698.70 million during the quarter, compared to the consensus estimate of $755.67 million. During the same period in the previous year, the business posted $0.81 earnings per share. The firm’s revenue was down 9.9% on a year-over-year basis. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. As a group, equities research analysts forecast that Winnebago Industries, Inc. will post 1.81 earnings per share for the current fiscal year.
Winnebago Industries Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.8%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, September 9th. Winnebago Industries’s dividend payout ratio is 102.94%.
Insider Buying and Selling
In related news, SVP Bret A. Woodson sold 2,414 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.66, for a total transaction of $78,841.24. Following the completion of the sale, the senior vice president directly owned 31,274 shares of the company’s stock, valued at approximately $1,021,408.84. This represents a 7.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael J. Happe sold 12,045 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the sale, the chief executive officer directly owned 349,349 shares of the company’s stock, valued at approximately $11,416,725.32. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 15,694 shares of company stock worth $511,658. Insiders own 4.88% of the company’s stock.
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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