JPMorgan Chase & Co. grew its stake in Winnebago Industries, Inc. (NYSE:WGO) by 794.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 525,726 shares of the construction company’s stock after purchasing an additional 466,975 shares during the period. JPMorgan Chase & Co. owned approximately 1.65% of Winnebago Industries worth $23,395,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WGO. Virginia Retirement Systems ET AL boosted its stake in shares of Winnebago Industries by 20.6% in the second quarter. Virginia Retirement Systems ET AL now owns 52,200 shares of the construction company’s stock valued at $1,827,000 after buying an additional 8,900 shares in the last quarter. Swiss National Bank boosted its stake in shares of Winnebago Industries by 6.6% in the second quarter. Swiss National Bank now owns 48,800 shares of the construction company’s stock valued at $1,708,000 after buying an additional 3,000 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Winnebago Industries by 57.8% in the second quarter. Russell Investments Group Ltd. now owns 37,351 shares of the construction company’s stock valued at $1,307,000 after buying an additional 13,675 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Winnebago Industries by 476.6% in the third quarter. Penserra Capital Management LLC now owns 36,732 shares of the construction company’s stock valued at $1,643,000 after buying an additional 30,362 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Winnebago Industries in the third quarter valued at approximately $396,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Winnebago Industries, Inc. (NYSE:WGO) traded up $1.15 on Friday, reaching $56.05. The company’s stock had a trading volume of 570,568 shares, compared to its average volume of 470,283. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.88. The stock has a market capitalization of $1,746.20, a P/E ratio of 18.67 and a beta of 2.06. Winnebago Industries, Inc. has a one year low of $24.15 and a one year high of $57.20.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, October 19th. The construction company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.09. The company had revenue of $454.90 million for the quarter, compared to the consensus estimate of $444.50 million. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. Winnebago Industries’s quarterly revenue was up 72.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. equities analysts anticipate that Winnebago Industries, Inc. will post 2.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders 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 dividend on an annualized basis and a yield of 0.71%. Winnebago Industries’s payout ratio is 17.39%.

Winnebago Industries announced that its board has approved a share buyback program on Thursday, October 19th that permits the company to buyback $70.00 million in outstanding shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

A number of analysts recently weighed in on the company. BMO Capital Markets restated a “hold” rating and issued a $34.00 price target on shares of Winnebago Industries in a research note on Friday, September 1st. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research note on Thursday, October 5th. ValuEngine upgraded Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Robert W. Baird restated a “buy” rating on shares of Winnebago Industries in a research note on Thursday, September 28th. Finally, SunTrust Banks restated a “hold” rating and issued a $45.00 price target on shares of Winnebago Industries in a research note on Friday, October 20th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.17.

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About Winnebago Industries

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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