MML Investors Service LLC acquired a new stake in Winnebago Industries, Inc. (NYSE: WGO – Get Rating) in the third quarter, according to the company’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC). and institutional investors acquired 4,301 shares in the construction company. Its value is approximately $229,000.
Many other hedge funds and other institutional investors have also increased or decreased their stakes in the WGO. Advisors Asset Management Inc. increased its stake in Winnebago Industries by 71.8% in the first quarter. Advisors Asset Management Inc. now owns 622 shares worth $34,000 in the construction company after purchasing an additional 260 of his shares during the previous quarter. Amundi increased his Winnebago Industries stake by 180.5% in the second quarter. Amundi now owns 777 shares worth $40,000 in the construction company after purchasing another 500 shares during the previous quarter. Wipfli Financial Advisors LLC purchased new shares in his Winnebago Industries worth approximately $51,000 in the third quarter. Lipe & Dalton bought new stake in his Winnebago Industries worth about $106,000 in the third quarter. Finally, EMC Capital Management increased its stake in Winnebago Industries shares by 50.9% in the second quarter. EMC Capital Management now owns 3,117 of his shares worth $151,000 in the construction company after purchasing an additional 1,051 shares last quarter. 97.63% of the shares are currently owned by hedge funds and other institutional investors.
Wall Street Analyst Predicts Growth
A number of research analysts have recently commented on the WGO stock. Truist Financial raised Winnebago Industries’ price target to $76.00 from his $62.00 in a research note on Friday, Feb. 17. MKM Partners has raised Winnebago Industries’ price target from $53.00 to $61.00, giving it a “Neutral” rating in its research notes on Friday, January 27. Northcoast Research downgraded Winnebago Industries from ‘buy’ to ‘neutral’ in its research notes on Monday, February 6. Finally, Citigroup raised his price target for Winnebago Industries from $70.00 to $80.00, giving it a “buy” rating in its research notes on Friday, February 24. Three equity research analysts rated the stock with a hold rating and five gave the company a buy rating. According to MarketBeat.com data, the company has an average rating of “moderate buy” and an average target price of $71.00.
Winnebago Industries shares drop 2.5%
NYSE WGO shares opened Friday at $58.91. The company has a current ratio of 2.42, a quick ratio of 1.15 and a debt to equity ratio of 0.46. The stock has a market cap of $1.8 billion, a PE ratio of 5.56 and a beta of 1.68. The stock has a 50-day simple moving average of $62.22 and a 200-day simple moving average of $58.79. Winnebago Industries, Inc. has a 12-month low of $43.05 and a 12-month high of $70.53.
Winnebago Industries (NYSE:WGO – Get Rating) last reported quarterly earnings data on Friday, December 16. Construction companies reported EPS of $2.07 for the quarter, $0.24 above consensus expectations of $1.83. The company’s revenue for the quarter was $952.2 million, compared with analyst estimates of $898.59 million. Winnebago Industries had a return on equity of 32.66% and a net profit margin of 7.39%. As a group, analysts expect Winnebago Industries to report his 7.12 EPS for the current financial year.
Winnebago Industries Announces Dividend
The company recently announced its quarterly dividend, which was paid on Wednesday, January 25th. A dividend of $0.27 was paid out to record investors on Wednesday, January 11th. The ex-dividend date for this dividend was Tuesday, January 10. This represents his $1.08 dividend and his 1.83% yield on an annual basis. Winnebago Industries has a dividend payout ratio (DPR) of 10.19%.
Winnebago Industry Profile
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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