Griffin Asset Management Inc. bought a new stake in Winnebago Industries, Inc. (NYSE:WGO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 67,075 shares of the construction company’s stock, valued at approximately $3,002,000. Griffin Asset Management Inc. owned 0.21% of Winnebago Industries at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of WGO. Teachers Advisors LLC raised its stake in shares of Winnebago Industries by 3.5% in the first quarter. Teachers Advisors LLC now owns 44,895 shares of the construction company’s stock valued at $1,313,000 after buying an additional 1,519 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Winnebago Industries by 5.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 120,340 shares of the construction company’s stock valued at $3,520,000 after buying an additional 6,126 shares during the period. State Street Corp raised its stake in shares of Winnebago Industries by 5.4% in the first quarter. State Street Corp now owns 638,509 shares of the construction company’s stock valued at $18,678,000 after buying an additional 32,448 shares during the period. Aperio Group LLC raised its stake in shares of Winnebago Industries by 3.6% in the second quarter. Aperio Group LLC now owns 16,825 shares of the construction company’s stock valued at $589,000 after buying an additional 589 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Winnebago Industries by 57.8% in the second quarter. Russell Investments Group Ltd. now owns 37,351 shares of the construction company’s stock valued at $1,307,000 after buying an additional 13,675 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.
Several brokerages have issued reports on WGO. BMO Capital Markets restated a “hold” rating and issued a $34.00 target price on shares of Winnebago Industries in a research note on Friday, September 1st. Robert W. Baird restated an “outperform” rating and issued a $48.00 target price (up from $38.00) on shares of Winnebago Industries in a research note on Friday, October 20th. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research note on Thursday, October 5th. ValuEngine lowered Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, SunTrust Banks restated a “hold” rating and issued a $45.00 target price on shares of Winnebago Industries in a research note on Friday, October 20th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.17.
Shares of Winnebago Industries, Inc. (NYSE:WGO) traded down $0.65 during midday trading on Tuesday, hitting $55.65. The stock had a trading volume of 522,300 shares, compared to its average volume of 512,534. The stock has a market capitalization of $1,790.00, a PE ratio of 19.15 and a beta of 2.06. Winnebago Industries, Inc. has a one year low of $24.15 and a one year high of $56.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.88.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. The company had revenue of $454.90 million during the quarter, compared to analysts’ expectations of $444.50 million. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The firm’s quarterly revenue was up 72.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. analysts predict that Winnebago Industries, Inc. will post 2.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, November 14th. Winnebago Industries’s dividend payout ratio (DPR) is presently 17.39%.
Winnebago Industries declared that its Board of Directors has authorized a stock buyback plan on Thursday, October 19th that authorizes the company to repurchase $70.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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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