First Trust Advisors LP decreased its stake in Winnebago Industries Inc. (NYSE:WGO) by 81.6% during the second quarter, Holdings Channel reports. The firm owned 14,047 shares of the company’s stock after selling 62,340 shares during the period. First Trust Advisors LP owned approximately 0.05% of Winnebago Industries worth $322,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. raised its position in Winnebago Industries by 1.2% in the second quarter. Whittier Trust Co. now owns 57,056 shares of the company’s stock valued at $1,307,000 after buying an additional 691 shares during the period. HL Financial Services LLC raised its position in Winnebago Industries by 11.3% in the second quarter. HL Financial Services LLC now owns 89,051 shares of the company’s stock worth $2,041,000 after buying an additional 9,032 shares during the last quarter. Mount Vernon Associates Inc. MD raised its position in Winnebago Industries by 1.1% in the second quarter. Mount Vernon Associates Inc. MD now owns 35,800 shares of the company’s stock worth $821,000 after buying an additional 400 shares during the last quarter. Bank of Montreal Can bought a new position in Winnebago Industries during the second quarter worth about $1,554,000. Finally, New York State Teachers Retirement System raised its position in Winnebago Industries by 2.6% in the second quarter. New York State Teachers Retirement System now owns 100,282 shares of the company’s stock worth $2,298,000 after buying an additional 2,500 shares during the last quarter. 91.48% of the stock is currently owned by institutional investors.
Winnebago Industries Inc. (NYSE:WGO) traded up 1.80% on Friday, hitting $28.34. The stock had a trading volume of 423,582 shares. The company has a market cap of $762.15 million, a price-to-earnings ratio of 17.39 and a beta of 2.11. Winnebago Industries Inc. has a 12-month low of $15.41 and a 12-month high of $30.60. The company’s 50 day moving average price is $24.75 and its 200-day moving average price is $22.83.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, October 13th. The company reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. The firm earned $263.30 million during the quarter, compared to the consensus estimate of $252.52 million. Winnebago Industries had a return on equity of 17.86% and a net margin of 4.67%. Winnebago Industries’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share. Equities research analysts anticipate that Winnebago Industries Inc. will post $1.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Monday, November 7th. Winnebago Industries’s dividend payout ratio is currently 23.67%.
A number of research firms have recently issued reports on WGO. BMO Capital Markets boosted their target price on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, October 4th. Robert W. Baird raised Winnebago Industries from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $25.00 to $30.00 in a report on Monday, October 3rd. Finally, Zacks Investment Research lowered Winnebago Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $29.33.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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