Winnebago Industries, Inc. (NYSE:WGO) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. raised its stake in Winnebago Industries, Inc. (NYSE:WGO) by 690.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 477,183 shares of the construction company’s stock after buying an additional 416,813 shares during the period. Goldman Sachs Group Inc.’s holdings in Winnebago Industries were worth $13,958,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of WGO. BlackRock Inc. boosted its stake in shares of Winnebago Industries by 170,889.1% in the first quarter. BlackRock Inc. now owns 3,216,305 shares of the construction company’s stock worth $94,078,000 after buying an additional 3,214,424 shares during the last quarter. Royce & Associates LP boosted its stake in shares of 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Winnebago Industries by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,688,517 shares of the construction company’s stock worth $49,389,000 after buying an additional 108,635 shares during the last quarter. Cooke & Bieler LP boosted its stake in shares of 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 during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of 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 during the last quarter. Institutional investors own 84.98% of the company’s stock.
Shares of Winnebago Industries, Inc. (NYSE:WGO) opened at 35.30 on Monday. The stock’s 50 day moving average is $28.63 and its 200-day moving average is $30.35. The firm has a market cap of $1.12 billion, a PE ratio of 17.63 and a beta of 1.97. Winnebago Industries, Inc. has a 52 week low of $22.11 and a 52 week high of $39.30.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, June 21st. The construction company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.22. Winnebago Industries had a return on equity of 20.01% and a net margin of 4.39%. The business had revenue of $476.40 million during the quarter, compared to analysts’ expectations of $440.94 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 75.1% compared to the same quarter last year. On average, equities analysts predict that Winnebago Industries, Inc. will post $2.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, July 10th. Winnebago Industries’s dividend payout ratio (DPR) is presently 20.00%.
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A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Stifel Nicolaus assumed coverage on shares of Winnebago Industries in a research note on Thursday, July 6th. They set a “buy” rating and a $40.00 price objective on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $34.00 price objective (up previously from $29.00) on shares of Winnebago Industries in a research note on Thursday, June 22nd. CL King assumed coverage on shares of Winnebago Industries in a research note on Monday, April 24th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, Griffin Securities reaffirmed a “buy” rating on shares of Winnebago Industries in a research note on Thursday, March 23rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Winnebago Industries has a consensus rating of “Buy” and an average price target of $34.83.
In related news, Director Christopher J. Braun purchased 5,000 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of $27.72 per share, for a total transaction of $138,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.
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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