Geode Capital Management LLC Acquires 5,782 Shares of Winnebago Industries, Inc. (WGO)
Geode Capital Management LLC raised its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,675 shares of the construction company’s stock after buying an additional 5,782 shares during the period. Geode Capital Management LLC’s holdings in Winnebago Industries were worth $5,752,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Royce & Associates LP raised its position in Winnebago Industries by 1.6% in the first quarter. Royce & Associates LP now owns 2,317,037 shares of the construction company’s stock worth $67,773,000 after buying an additional 36,761 shares in the last quarter. Cooke & Bieler LP raised its position in Winnebago Industries by 22.5% in the first quarter. Cooke & Bieler LP now owns 1,518,362 shares of the construction company’s stock worth $44,412,000 after buying an additional 278,637 shares in the last quarter. Vanguard Group Inc. raised its position in Winnebago Industries by 10.0% in the first quarter. Vanguard Group Inc. now owns 1,469,787 shares of the construction company’s stock worth $42,991,000 after buying an additional 133,676 shares in the last quarter. Bank of New York Mellon Corp raised its position in Winnebago Industries by 26.8% in the first quarter. Bank of New York Mellon Corp now owns 628,231 shares of the construction company’s stock worth $18,378,000 after buying an additional 132,802 shares in the last quarter. Finally, Norges Bank acquired a new position in Winnebago Industries during the fourth quarter worth approximately $12,541,000. Institutional investors own 77.66% of the company’s stock.
Shares of Winnebago Industries, Inc. (NYSE WGO) opened at 34.25 on Thursday. The company’s 50-day moving average is $35.14 and its 200-day moving average is $30.75. The stock has a market cap of $1.08 billion, a P/E ratio of 17.11 and a beta of 1.98. Winnebago Industries, Inc. has a 12-month low of $22.11 and a 12-month high of $39.30.
Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, June 21st. The construction company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.22. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The firm had revenue of $476.40 million for the quarter, compared to analysts’ expectations of $440.94 million. During the same quarter last year, the company earned $0.53 EPS. Winnebago Industries’s quarterly revenue was up 75.1% on a year-over-year basis. On average, analysts expect that Winnebago Industries, Inc. will post $2.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, July 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.16%. Winnebago Industries’s dividend payout ratio (DPR) is 20.00%.
WGO has been the topic of a number of recent research reports. BMO Capital Markets restated a “market perform” rating and issued a $34.00 price objective (up from $29.00) on shares of Winnebago Industries in a research note on Thursday, June 22nd. CL King initiated coverage on shares of Winnebago Industries in a report on Monday, April 24th. They issued a “buy” rating and a $32.00 target price on the stock. BidaskClub raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Finally, Stifel Nicolaus initiated coverage on shares of Winnebago Industries in a report on Thursday, July 6th. They issued a “buy” rating and a $40.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Winnebago Industries currently has an average rating of “Buy” and an average target price of $34.83.
In other Winnebago Industries news, Director Christopher J. Braun acquired 5,000 shares of Winnebago Industries stock in a transaction dated Friday, May 12th. The stock was bought at an average price of $27.72 per share, for a total transaction of $138,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.
Winnebago Industries Company 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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