LSV Asset Management Boosts Stake in Winnebago Industries, Inc. (WGO)
LSV Asset Management lifted its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 475.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,622,600 shares of the construction company’s stock after buying an additional 1,340,552 shares during the period. LSV Asset Management owned approximately 5.13% of Winnebago Industries worth $65,877,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Winnebago Industries by 2.4% during the first quarter. Principal Financial Group Inc. now owns 248,886 shares of the construction company’s stock worth $9,358,000 after buying an additional 5,722 shares during the period. Profit Investment Management LLC acquired a new stake in shares of Winnebago Industries during the second quarter worth $2,013,000. Alps Advisors Inc. lifted its stake in shares of Winnebago Industries by 91.5% during the first quarter. Alps Advisors Inc. now owns 23,673 shares of the construction company’s stock worth $890,000 after buying an additional 11,308 shares during the period. KBC Group NV acquired a new stake in shares of Winnebago Industries during the first quarter worth $217,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Winnebago Industries during the first quarter worth $686,000. Institutional investors and hedge funds own 88.84% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 30th. ValuEngine downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Northcoast Research reiterated a “buy” rating on shares of Winnebago Industries in a research note on Friday. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $44.00 price objective on shares of Winnebago Industries in a research note on Monday, June 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.60.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, June 20th. The construction company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. The company had revenue of $562.30 million during the quarter, compared to the consensus estimate of $540.59 million. Winnebago Industries had a net margin of 5.04% and a return on equity of 21.25%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. equities analysts predict that Winnebago Industries, Inc. will post 3.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Investors of record on Wednesday, September 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. Winnebago Industries’s dividend payout ratio is presently 11.94%.
Winnebago Industries Profile
Winnebago Industries, Inc manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities. It operates through two segments, Motorized and Towable. The company manufactures motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support various other lifestyles under the Winnebago brand.
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