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Brandywine Global Investment Management LLC reduced its stake in Winnebago Industries, Inc. (NYSE:WGO – Get Rating) by 3.5% in the third quarter, according to the company’s latest 13F filings with the U.S. Securities and Exchange Commission . The company owned his 79,379 shares of construction company stock after selling his 2,901 shares during the period. Brandywine Global Investment Management LLC owned his 0.26% stake in Winnebago Industries worth $4,224,000 as of the latest SEC filing.
A number of other large investors have also recently bought and sold shares in WGO. Cetera Advisor Networks LLC acquired a new stake in Winnebago Industries worth approximately $324,000 in the first quarter. MetLife Investment Management LLC increased his stake in Winnebago Industries by 59.4% in the first quarter. MetLife Investment Management LLC now owns 17,441 shares of construction company stock valued at $942,000 after acquiring an additional 6,496 shares during this period. Panagora Asset Management Inc. acquired a new stake in Winnebago Industries worth approximately $806,000 in the first quarter. Rhumbline Advisers increased his stake in Winnebago Industries by 7.8% in the first quarter. Rhumbline Advisers now owns 91,603 shares of the construction company worth $4,949,000 after purchasing an additional 6,655 of his shares during this period. Finally, Pennsylvania Public Schools Retrmt SYS increased his Winnebago Industries stake by 13.7% in the first quarter. Pennsylvania Public Schools employee Retrmt SYS now owns 28,747 shares ($1,553,000) in the construction company after purchasing an additional 3,458 of his shares during this period. Currently 97.63% of the shares are owned by institutional investors and hedge funds.
Winnebago Industries’ price/performance ratio
NYSE WGO shares opened Friday at $64.25. Winnebago Industries, Inc. has a 52-week low of $43.05 and a 52-week high of $70.53. The stock has a market cap of $1.96 billion, a price/earnings ratio of 6.06 and a beta of 1.68. The company has a debt to equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 2.42. The company’s 50-day simple moving average is $61.14 and its 200-day simple moving average is $58.98.
Winnebago Industries (NYSE:WGO – Get Rating) reported final results on Friday, Dec. 16. Construction companies reported EPS of $2.07 for the quarter, $0.24 above consensus expectations of $1.83. Winnebago Industries posted a net profit margin of 7.39% and a return on equity of 32.66%. The company posted revenue of $952.2 million for the quarter, compared to analysts’ expectations of $898.59 million. As a group, research analysts expect Winnebago Industries, Inc. to post his 7.12 earnings per share for the current financial year.
Winnebago Industries Announces Dividend
The company recently announced its quarterly dividend, which was paid on Wednesday, January 25th. Shareholders of record on Wednesday, January 11 were awarded a dividend of $0.27 per share. The ex-dividend date for this dividend was Tuesday, January 10. This represents his $1.08 dividend and his 1.68% dividend yield on an annualized basis. Winnebago Industries currently has a payout ratio of 10.19%.
Wall Street analyst opinion
Several brokerage firms have recently commented on the WGO. Northcoast Research downgraded Winnebago Industries’ rating from ‘buy’ to ‘neutral’ in its research notes on Monday, February 6. MKM Partners has raised Winnebago Industries’ price target from $53.00 to $61.00, giving the company a “neutral” rating in its research notes on Friday, January 27. Truist Financial increased Winnebago Industries’ price target from $62.00 to $76.00 in a research note on Friday, February 17th. Finally, Citigroup raised his Winnebago Industries target price from $70.00 to $80.00, giving the company a “buy” rating in its research notes on Friday, February 24. Three equity research analysts have assigned a Hold rating to this stock and five have assigned a Buy rating to it. Based on MarketBeat data, the current consensus rating for the stock is “moderate buy” with an average target price of $71.00.
About Winnebago Industries
(get rating)
Winnebago Industries, Inc is engaged in manufacturing RV and marine products. It operates through the following business segments: Towable, Motorhome, and Marine. The towable segment includes non-motorized vehicles designed to be towed by automobiles, pickup trucks, SUVs, and vans and used as temporary living quarters for recreational travel.
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