Winnebago Industries, Inc. $WGO Shares Bought by Royce & Associates LP

Royce & Associates LP raised its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241,620 shares of the RV manufacturer’s stock after purchasing an additional 37,120 shares during the period. Royce & Associates LP owned about 0.86% of Winnebago Industries worth $9,790,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Winnebago Industries by 90.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after acquiring an additional 364 shares during the last quarter. Clearstead Advisors LLC bought a new stake in shares of Winnebago Industries in the 4th quarter valued at approximately $35,000. Hantz Financial Services Inc. increased its holdings in shares of Winnebago Industries by 825.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock valued at $40,000 after acquiring an additional 1,073 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Winnebago Industries by 15.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after acquiring an additional 309 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of Winnebago Industries by 151.4% in the 2nd quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock valued at $99,000 after acquiring an additional 2,051 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WGO. Citigroup restated a “neutral” rating and set a $30.00 price objective (down from $46.00) on shares of Winnebago Industries in a research note on Wednesday. Robert W. Baird lowered their price objective on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. BMO Capital Markets lowered their price objective on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Truist Financial lowered their price objective on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, Wall Street Zen downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Sunday. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.70.

Winnebago Industries Trading Up 0.3%

NYSE:WGO opened at $29.85 on Thursday. Winnebago Industries, Inc. has a 1 year low of $27.64 and a 1 year high of $50.16. The stock has a market cap of $843.77 million, a price-to-earnings ratio of 20.30 and a beta of 1.17. The business has a fifty day moving average of $31.62 and a 200-day moving average of $37.84. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The company had revenue of $657.40 million during the quarter, compared to analysts’ expectations of $628.00 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that Winnebago Industries, Inc. will post 2.34 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.40 annualized dividend and a dividend yield of 4.7%. Winnebago Industries’s dividend payout ratio is presently 95.24%.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.