Cascade Investment Advisors Inc. lowered its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 26.7% in the 4th quarter, Holdings Channel reports. The fund owned 26,640 shares of the construction company’s stock after selling 9,700 shares during the period. Cascade Investment Advisors Inc.’s holdings in Winnebago Industries were worth $1,481,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc bought a new position in shares of Winnebago Industries during the third quarter worth about $124,000. SG Americas Securities LLC bought a new position in shares of Winnebago Industries during the second quarter worth about $107,000. Pinebridge Investments L.P. grew its position in shares of Winnebago Industries by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock worth $123,000 after acquiring an additional 35 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Winnebago Industries by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock worth $125,000 after acquiring an additional 536 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Winnebago Industries during the third quarter worth about $226,000. Institutional investors and hedge funds own 83.25% of the company’s stock.

Shares of Winnebago Industries, Inc. (NYSE WGO) traded up $1.40 on Wednesday, reaching $54.40. 713,727 shares of the company were exchanged, compared to its average volume of 631,173. The company has a market cap of $1,730.00, a price-to-earnings ratio of 22.30 and a beta of 2.08. The company has a quick ratio of 1.03, a current ratio of 1.88 and a debt-to-equity ratio of 0.59. Winnebago Industries, Inc. has a 12-month low of $24.15 and a 12-month high of $58.65.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $450.00 million during the quarter, compared to analyst estimates of $387.12 million. Winnebago Industries had a net margin of 4.43% and a return on equity of 21.47%. Winnebago Industries’s revenue was up 83.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. research analysts anticipate that Winnebago Industries, Inc. will post 3.07 earnings per share for the current fiscal year.

Winnebago Industries declared that its board has authorized a stock buyback plan on Thursday, October 19th that allows the company to buyback $70.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. Winnebago Industries’s dividend payout ratio (DPR) is 16.39%.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Tuesday, December 19th. SunTrust Banks reiterated a “hold” rating and issued a $52.00 target price on shares of Winnebago Industries in a research report on Thursday, December 21st. ValuEngine upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 target price (up previously from $45.00) on shares of Winnebago Industries in a research report on Thursday, December 21st. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $60.00 target price (up previously from $52.00) on shares of Winnebago Industries in a research report on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Winnebago Industries presently has an average rating of “Buy” and an average price target of $52.17.

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Winnebago Industries Profile

Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.

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Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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