BlackRock Inc. increased its stake in Winnebago Industries (NYSE:WGO) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,849,851 shares of the construction company’s stock after buying an additional 203,116 shares during the quarter. BlackRock Inc. owned about 12.16% of Winnebago Industries worth $214,052,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of WGO. Rhumbline Advisers lifted its position in shares of Winnebago Industries by 13.7% during the fourth quarter. Rhumbline Advisers now owns 74,562 shares of the construction company’s stock worth $4,146,000 after purchasing an additional 8,963 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Winnebago Industries by 226.5% during the fourth quarter. Arizona State Retirement System now owns 48,649 shares of the construction company’s stock valued at $2,705,000 after buying an additional 33,750 shares during the period. Pinebridge Investments L.P. increased its stake in shares of Winnebago Industries by 218.8% during the fourth quarter. Pinebridge Investments L.P. now owns 11,370 shares of the construction company’s stock valued at $632,000 after buying an additional 7,803 shares during the period. Chartwell Investment Partners LLC increased its stake in shares of Winnebago Industries by 40.6% during the fourth quarter. Chartwell Investment Partners LLC now owns 80,772 shares of the construction company’s stock valued at $4,491,000 after buying an additional 23,310 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Winnebago Industries by 9.2% during the fourth quarter. First Trust Advisors LP now owns 63,948 shares of the construction company’s stock valued at $3,556,000 after buying an additional 5,382 shares during the period. Institutional investors own 84.25% of the company’s stock.
WGO has been the topic of several research reports. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Tuesday, December 19th. SunTrust Banks upgraded Winnebago Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 target price (up previously from $45.00) on shares of Winnebago Industries in a research note on Thursday, December 21st. Northcoast Research reiterated a “hold” rating on shares of Winnebago Industries in a research note on Tuesday, February 27th. Finally, ValuEngine upgraded Winnebago Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Winnebago Industries has an average rating of “Buy” and an average price target of $50.83.
Shares of Winnebago Industries stock traded down $0.95 on Friday, reaching $37.35. 811,908 shares of the stock were exchanged, compared to its average volume of 924,655. The company has a quick ratio of 1.00, a current ratio of 1.91 and a debt-to-equity ratio of 0.57. Winnebago Industries has a twelve month low of $24.15 and a twelve month high of $58.65. The company has a market capitalization of $1,212.43, a price-to-earnings ratio of 11.15 and a beta of 1.84.
Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, March 21st. The construction company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.03). Winnebago Industries had a return on equity of 21.72% and a net margin of 4.56%. The firm had revenue of $468.40 million for the quarter, compared to analyst estimates of $445.88 million. During the same period last year, the firm earned $0.48 EPS. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. research analysts anticipate that Winnebago Industries will post 3.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Tuesday, April 10th. Winnebago Industries’s payout ratio is presently 11.94%.
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About Winnebago Industries
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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