Peregrine Capital Management LLC grew its position in Winnebago Industries, Inc. (NYSE:WGO) by 49.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 260,125 shares of the construction company’s stock after purchasing an additional 86,475 shares during the period. Peregrine Capital Management LLC owned approximately 0.81% of Winnebago Industries worth $6,298,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WGO. Marshall Wace LLP acquired a new stake in shares of Winnebago Industries in the 3rd quarter worth approximately $7,906,000. Advisors Asset Management Inc. lifted its stake in shares of Winnebago Industries by 890.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 264,426 shares of the construction company’s stock worth $1,103,000 after acquiring an additional 237,734 shares during the period. BlackRock Inc. lifted its stake in shares of Winnebago Industries by 4.9% in the 2nd quarter. BlackRock Inc. now owns 4,129,390 shares of the construction company’s stock worth $167,654,000 after acquiring an additional 191,048 shares during the period. Nordea Investment Management AB lifted its stake in shares of Winnebago Industries by 384.0% in the 3rd quarter. Nordea Investment Management AB now owns 156,830 shares of the construction company’s stock worth $5,199,000 after acquiring an additional 124,430 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Winnebago Industries during the third quarter valued at approximately $2,930,000. Hedge funds and other institutional investors own 84.80% of the company’s stock.
Several analysts recently commented on the stock. SunTrust Banks cut their target price on shares of Winnebago Industries to $34.00 and set a “positive” rating for the company in a research note on Thursday, December 20th. TheStreet lowered shares of Winnebago Industries from a “b-” rating to a “c+” rating in a research note on Monday, December 10th. Robert W. Baird cut their target price on shares of Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, October 18th. Finally, Zacks Investment Research upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $48.00.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, December 19th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.13. Winnebago Industries had a net margin of 5.17% and a return on equity of 20.10%. The business had revenue of $493.65 million for the quarter, compared to analyst estimates of $482.96 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Winnebago Industries, Inc. will post 3.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.44%. The ex-dividend date is Tuesday, January 8th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.10. Winnebago Industries’s dividend payout ratio is currently 13.97%.
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About Winnebago Industries
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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