Comerica Bank lifted its position in Winnebago Industries, Inc. (NYSE:WGO) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,507 shares of the construction company’s stock after buying an additional 397 shares during the period. Comerica Bank owned approximately 0.09% of Winnebago Industries worth $843,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of WGO. LSV Asset Management lifted its position in shares of Winnebago Industries by 0.8% in the fourth quarter. LSV Asset Management now owns 1,642,100 shares of the construction company’s stock worth $39,755,000 after buying an additional 12,400 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Winnebago Industries in the fourth quarter worth about $270,000. Rhumbline Advisers lifted its position in shares of Winnebago Industries by 21.4% in the fourth quarter. Rhumbline Advisers now owns 90,708 shares of the construction company’s stock worth $2,196,000 after buying an additional 16,011 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Winnebago Industries by 47.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 12,736 shares of the construction company’s stock worth $308,000 after buying an additional 4,120 shares during the last quarter. Finally, Teton Advisors Inc. lifted its position in shares of Winnebago Industries by 28.1% in the fourth quarter. Teton Advisors Inc. now owns 96,100 shares of the construction company’s stock worth $2,327,000 after buying an additional 21,100 shares during the last quarter. 90.91% of the stock is currently owned by institutional investors.
NYSE WGO opened at $30.74 on Friday. Winnebago Industries, Inc. has a twelve month low of $19.77 and a twelve month high of $47.76. The company has a quick ratio of 0.76, a current ratio of 1.72 and a debt-to-equity ratio of 0.46. The stock has a market cap of $997.09 million, a P/E ratio of 9.76 and a beta of 1.50.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, December 19th. The construction company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.13. Winnebago Industries had a return on equity of 20.10% and a net margin of 5.17%. The business had revenue of $493.65 million during the quarter, compared to analysts’ expectations of $482.96 million. During the same quarter in the previous year, the firm earned $0.57 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, analysts expect that Winnebago Industries, Inc. will post 3.6 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.43%. Winnebago Industries’s dividend payout ratio is presently 13.97%.
A number of analysts have weighed in on the company. SunTrust Banks reduced their price target on Winnebago Industries to $34.00 and set a “positive” rating for the company in a research report on Thursday, December 20th. Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Saturday, February 9th. TheStreet cut Winnebago Industries from a “b-” rating to a “c+” rating in a research report on Monday, December 10th. ValuEngine raised Winnebago Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 23rd. Finally, BMO Capital Markets cut their price objective on Winnebago Industries to $42.00 and set an “outperform” rating for the company in a research report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $40.40.
In related news, VP Steven Scott Degnan sold 10,013 shares of the business’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $30.11, for a total transaction of $301,491.43. Following the completion of the transaction, the vice president now owns 32,449 shares of the company’s stock, valued at approximately $977,039.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.57% of the stock is currently owned by insiders.
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Winnebago Industries 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.
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