Freestone Grove Partners LP Acquires New Position in Winnebago Industries, Inc. $WGO

Freestone Grove Partners LP purchased a new stake in Winnebago Industries, Inc. (NYSE:WGO) during the second quarter, HoldingsChannel.com reports. The firm purchased 64,671 shares of the RV manufacturer’s stock, valued at approximately $2,020,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WGO. Public Employees Retirement System of Ohio boosted its stake in shares of Winnebago Industries by 10.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,488 shares of the RV manufacturer’s stock worth $101,000 after acquiring an additional 233 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Winnebago Industries by 90.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after purchasing an additional 364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Winnebago Industries by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock worth $568,000 after purchasing an additional 401 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Winnebago Industries by 36.2% in the fourth quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock valued at $66,000 after purchasing an additional 435 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Winnebago Industries by 5.5% in the first quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock valued at $329,000 after purchasing an additional 498 shares during the last quarter.

Insider Activity

In other news, SVP Bret A. Woodson sold 1,235 shares of Winnebago Industries stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $31.73, for a total transaction of $39,186.55. Following the sale, the senior vice president directly owned 31,373 shares of the company’s stock, valued at approximately $995,465.29. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael J. Happe sold 12,045 shares of Winnebago Industries stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the sale, the chief executive officer owned 349,349 shares in the company, valued at $11,416,725.32. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 15,694 shares of company stock worth $511,658. Company insiders own 4.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on WGO. Truist Financial decreased their price objective on shares of Winnebago Industries from $43.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Wall Street Zen raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Benchmark cut their price objective on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Roth Capital reduced their target price on Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Finally, Zacks Research cut Winnebago Industries from a “hold” rating to a “strong sell” rating in a report on Friday, June 26th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Winnebago Industries presently has an average rating of “Hold” and an average target price of $36.33.

Winnebago Industries Trading Up 1.0%

Shares of WGO stock opened at $30.66 on Friday. The firm’s 50-day simple moving average is $30.94 and its 200-day simple moving average is $32.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.37 and a quick ratio of 0.92. Winnebago Industries, Inc. has a 1-year low of $26.80 and a 1-year high of $50.16. The firm has a market cap of $866.76 million, a P/E ratio of 22.54 and a beta of 1.11.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.10). Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. The company had revenue of $698.70 million for the quarter, compared to analysts’ expectations of $755.67 million. During the same period in the prior year, the firm earned $0.81 earnings per share. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. As a group, equities analysts forecast that Winnebago Industries, Inc. will post 1.81 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Wednesday, September 9th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.35. Winnebago Industries’s dividend payout ratio (DPR) is 102.94%.

Winnebago Industries 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.