State Board of Administration of Florida Retirement System Boosts Holdings in Winnebago Industries, Inc. (WGO)

State Board of Administration of Florida Retirement System increased its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,645 shares of the construction company’s stock after purchasing an additional 4,420 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.09% of Winnebago Industries worth $1,327,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WGO. BlackRock Inc. lifted its holdings in Winnebago Industries by 6.5% in the second quarter. BlackRock Inc. now owns 3,426,574 shares of the construction company’s stock valued at $119,930,000 after buying an additional 210,269 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Winnebago Industries by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,846,289 shares of the construction company’s stock valued at $64,620,000 after buying an additional 157,772 shares during the period. Vanguard Group Inc. lifted its holdings in Winnebago Industries by 6.7% in the second quarter. Vanguard Group Inc. now owns 1,567,654 shares of the construction company’s stock valued at $54,868,000 after buying an additional 97,867 shares during the period. Cooke & Bieler LP lifted its holdings in Winnebago Industries by 2.4% in the second quarter. Cooke & Bieler LP now owns 1,554,738 shares of the construction company’s stock valued at $54,416,000 after buying an additional 36,376 shares during the period. Finally, Kennedy Capital Management Inc. lifted its holdings in Winnebago Industries by 9.5% in the second quarter. Kennedy Capital Management Inc. now owns 1,180,893 shares of the construction company’s stock valued at $41,331,000 after buying an additional 102,001 shares during the period. 83.74% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. BMO Capital Markets restated a “hold” rating and issued a $34.00 target price on shares of Winnebago Industries in a report on Friday, September 1st. BidaskClub lowered shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a report on Thursday, October 5th. ValuEngine upgraded shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Robert W. Baird reiterated an “outperform” rating and set a $48.00 price objective (up previously from $38.00) on shares of Winnebago Industries in a report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $46.17.

Shares of Winnebago Industries, Inc. (NYSE:WGO) opened at $49.50 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The company has a market cap of $1,550.00, a PE ratio of 16.38 and a beta of 2.02. Winnebago Industries, Inc. has a 52-week low of $24.15 and a 52-week high of $49.95.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, October 19th. The construction company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. The company had revenue of $454.90 million during the quarter, compared to the consensus estimate of $444.50 million. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. The firm’s revenue for the quarter was up 72.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. research analysts anticipate that Winnebago Industries, Inc. will post 2.88 EPS for the current year.

Winnebago Industries announced that its Board of Directors has initiated a share buyback program on Thursday, October 19th that permits the company to repurchase $70.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, November 14th. Winnebago Industries’s payout ratio is presently 17.39%.

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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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Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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