Hsbc Holdings PLC Invests $1.33 Million in Winnebago Industries, Inc. $WGO

Hsbc Holdings PLC purchased a new position in shares of Winnebago Industries, Inc. (NYSE:WGO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,714 shares of the RV manufacturer’s stock, valued at approximately $1,332,000.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in Winnebago Industries by 90.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after acquiring an additional 364 shares during the last quarter. Clearstead Advisors LLC acquired a new stake in Winnebago Industries during the 4th quarter worth $35,000. Allworth Financial LP bought a new stake in shares of Winnebago Industries during the 2nd quarter valued at $33,000. Hantz Financial Services Inc. raised its position in shares of Winnebago Industries by 36.2% during the 4th quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock valued at $66,000 after acquiring an additional 435 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Winnebago Industries by 15.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after purchasing an additional 309 shares during the period.

Winnebago Industries Trading Down 1.7%

WGO opened at $30.07 on Tuesday. The firm’s fifty day moving average is $30.97 and its two-hundred day moving average is $32.59. The firm has a market cap of $850.08 million, a PE ratio of 22.11 and a beta of 1.11. Winnebago Industries, Inc. has a twelve month low of $26.80 and a twelve month high of $50.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 2.37.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results 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 firm had revenue of $698.70 million during the quarter, compared to analyst estimates of $755.67 million. During the same period last year, the firm earned $0.81 EPS. Winnebago Industries’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. Equities research analysts anticipate that Winnebago Industries, Inc. will post 1.81 EPS for the current year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 4.8%. Winnebago Industries’s payout ratio is presently 102.94%.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, CEO Michael J. Happe sold 12,045 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the completion of the sale, the chief executive officer directly 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 2,414 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.66, for a total value of $78,841.24. Following the sale, the senior vice president directly owned 31,274 shares in the company, valued at approximately $1,021,408.84. This represents a 7.17% decrease in their position. 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 three months, insiders sold 15,694 shares of company stock valued at $511,658. Insiders own 4.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WGO. Weiss Ratings restated a “hold (c-)” rating on shares of Winnebago Industries in a research report on Friday, August 7th. Zacks Research lowered Winnebago Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, June 26th. Wall Street Zen lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Sunday. Truist Financial reduced their target price on Winnebago Industries from $43.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Finally, Citigroup boosted their target price on Winnebago Industries from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Three research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.33.

About Winnebago Industries

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.