Waratah Capital Advisors Ltd. purchased a new position in Winnebago Industries, Inc. (NYSE:WGO) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 715,030 shares of the construction company’s stock, valued at approximately $22,273,000. Winnebago Industries comprises approximately 2.4% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 16th biggest holding.
Several other institutional investors have also made changes to their positions in WGO. Dimensional Fund Advisors LP grew its holdings in shares of Winnebago Industries by 14.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,105,885 shares of the construction company’s stock worth $50,983,000 after buying an additional 266,781 shares in the last quarter. LSV Asset Management grew its stake in Winnebago Industries by 0.8% in the fourth quarter. LSV Asset Management now owns 1,642,100 shares of the construction company’s stock valued at $39,755,000 after purchasing an additional 12,400 shares in the last quarter. Royce & Associates LP grew its stake in Winnebago Industries by 57.8% in the fourth quarter. Royce & Associates LP now owns 1,344,032 shares of the construction company’s stock valued at $32,539,000 after purchasing an additional 492,536 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in Winnebago Industries in the first quarter valued at approximately $36,898,000. Finally, J. L. Bainbridge & Co. Inc. grew its stake in Winnebago Industries by 0.7% in the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 626,676 shares of the construction company’s stock valued at $15,172,000 after purchasing an additional 4,175 shares in the last quarter. Institutional investors own 98.68% of the company’s stock.
In other Winnebago Industries news, CFO Bryan L. Hughes acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was bought at an average cost of $29.58 per share, with a total value of $73,950.00. Following the completion of the transaction, the chief financial officer now directly owns 19,288 shares in the company, valued at approximately $570,539.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael J. Happe acquired 3,500 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was acquired at an average cost of $29.19 per share, with a total value of $102,165.00. Following the completion of the transaction, the chief executive officer now owns 56,671 shares of the company’s stock, valued at $1,654,226.49. The disclosure for this purchase can be found here. Company insiders own 3.57% of the company’s stock.
A number of research firms have weighed in on WGO. Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. ValuEngine upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. Finally, Jefferies Financial Group began coverage on Winnebago Industries in a research note on Thursday, March 28th. They issued a “hold” rating and a $31.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Winnebago Industries presently has a consensus rating of “Hold” and an average price target of $38.83.
WGO stock traded down $0.35 during mid-day trading on Wednesday, reaching $34.10. The company had a trading volume of 12,461 shares, compared to its average volume of 395,302. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 0.44 and a beta of 1.52. Winnebago Industries, Inc. has a 52 week low of $19.77 and a 52 week high of $47.76.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Monday, March 25th. The construction company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.12. The firm had revenue of $432.70 million during the quarter, compared to the consensus estimate of $443.05 million. Winnebago Industries had a return on equity of 19.11% and a net margin of 5.24%. The business’s revenue was down 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. On average, equities research analysts anticipate that Winnebago Industries, Inc. will post 3.5 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Wednesday, April 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.29%. Winnebago Industries’s dividend payout ratio is 13.97%.
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Winnebago Industries Company Profile
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.
Further Reading: Debt-To-Equity Ratio
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