Saba Capital Management L.P. Sells 48,134 Shares of Winnebago Industries, Inc. $WGO

Saba Capital Management L.P. lowered its position in Winnebago Industries, Inc. (NYSE:WGO) by 58.8% in the first quarter, HoldingsChannel.com reports. The fund owned 33,750 shares of the RV manufacturer’s stock after selling 48,134 shares during the quarter. Saba Capital Management L.P.’s holdings in Winnebago Industries were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of WGO. Vanguard Group Inc. increased its stake in shares of Winnebago Industries by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,990,237 shares of the RV manufacturer’s stock worth $80,644,000 after purchasing an additional 15,114 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Winnebago Industries by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock valued at $48,968,000 after purchasing an additional 129,228 shares during the last quarter. UBS Group AG lifted its stake in Winnebago Industries by 224.7% in the 4th quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock valued at $54,870,000 after purchasing an additional 937,140 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Winnebago Industries by 6.9% during the first quarter. Pzena Investment Management LLC now owns 993,294 shares of the RV manufacturer’s stock worth $30,782,000 after purchasing an additional 64,332 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Winnebago Industries by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 889,184 shares of the RV manufacturer’s stock worth $36,030,000 after purchasing an additional 72,478 shares during the period.

Winnebago Industries Price Performance

Winnebago Industries stock opened at $31.14 on Tuesday. The company has a market capitalization of $880.38 million, a price-to-earnings ratio of 22.90 and a beta of 1.12. The company has a current ratio of 2.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. Winnebago Industries, Inc. has a 12 month low of $26.80 and a 12 month high of $50.16. The stock’s 50 day moving average is $29.63 and its 200-day moving average is $35.26.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.10). The firm had revenue of $698.70 million for the quarter, compared to analyst estimates of $755.67 million. Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The business’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Equities research analysts expect that Winnebago Industries, Inc. will post 1.82 EPS for the current year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, June 10th. Winnebago Industries’s payout ratio is presently 102.94%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Seaport Research Partners began coverage on Winnebago Industries in a report on Monday. They set a “neutral” rating for the company. DA Davidson reiterated a “neutral” rating and issued a $35.00 price objective on shares of Winnebago Industries in a report on Monday, June 15th. Northcoast Research downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a report on Monday, June 1st. Griffin Securities set a $35.00 price objective on shares of Winnebago Industries in a research report on Monday, June 15th. Finally, Citigroup raised their target price on shares of Winnebago Industries from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.33.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.