Public Sector Pension Investment Board Buys 18,038 Shares of Winnebago Industries, Inc. $WGO

Public Sector Pension Investment Board raised its stake in Winnebago Industries, Inc. (NYSE:WGO) by 25.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,069 shares of the construction company’s stock after purchasing an additional 18,038 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.32% of Winnebago Industries worth $3,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. First Trust Advisors LP grew its stake in Winnebago Industries by 40.6% in the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after purchasing an additional 474,273 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Winnebago Industries by 11.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 698,647 shares of the construction company’s stock valued at $24,075,000 after purchasing an additional 73,099 shares in the last quarter. Millennium Management LLC grew its stake in Winnebago Industries by 20.0% in the fourth quarter. Millennium Management LLC now owns 571,334 shares of the construction company’s stock valued at $27,298,000 after purchasing an additional 95,113 shares in the last quarter. Northern Trust Corp grew its stake in Winnebago Industries by 11.3% in the fourth quarter. Northern Trust Corp now owns 345,226 shares of the construction company’s stock valued at $16,495,000 after purchasing an additional 35,177 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Winnebago Industries by 1,930.2% in the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock valued at $15,369,000 after purchasing an additional 305,818 shares in the last quarter.

Wall Street Analyst Weigh In

WGO has been the subject of several research analyst reports. Benchmark reduced their target price on Winnebago Industries from $60.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, June 30th. Truist Financial reduced their target price on Winnebago Industries from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. BMO Capital Markets reduced their target price on Winnebago Industries from $50.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, June 26th. Robert W. Baird reduced their target price on Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, June 26th. Finally, Citigroup lifted their target price on Winnebago Industries from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.67.

Winnebago Industries Stock Performance

WGO opened at $34.14 on Tuesday. The business has a fifty day simple moving average of $31.34 and a 200 day simple moving average of $34.40. The company has a market capitalization of $956.80 million, a PE ratio of -57.86 and a beta of 1.06. Winnebago Industries, Inc. has a 1 year low of $28.00 and a 1 year high of $65.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $775.10 million during the quarter, compared to the consensus estimate of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. Research analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.40 annualized dividend and a yield of 4.1%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.34. Winnebago Industries’s payout ratio is presently -230.51%.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.