Legato Capital Management LLC Buys 4,187 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Legato Capital Management LLC increased its position in Winnebago Industries, Inc. (NYSE:WGO) by 21.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,160 shares of the construction company’s stock after acquiring an additional 4,187 shares during the quarter. Legato Capital Management LLC owned about 0.09% of Winnebago Industries worth $1,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WGO. GAMMA Investing LLC increased its stake in shares of Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares in the last quarter. R Squared Ltd purchased a new stake in Winnebago Industries in the 4th quarter worth $43,000. Quarry LP raised its holdings in Winnebago Industries by 4,038.1% during the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after acquiring an additional 848 shares during the period. KBC Group NV lifted its position in shares of Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after acquiring an additional 587 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Winnebago Industries by 196.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after acquiring an additional 989 shares in the last quarter.

Winnebago Industries Stock Down 3.9 %

NYSE:WGO opened at $44.32 on Thursday. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The business has a 50 day simple moving average of $49.22 and a 200-day simple moving average of $55.01. Winnebago Industries, Inc. has a 1 year low of $43.69 and a 1 year high of $74.10.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. The firm’s quarterly revenue was down 18.0% compared to the same quarter last year. As a group, research analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 3.07%. Winnebago Industries’s payout ratio is -206.06%.

Analyst Ratings Changes

WGO has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Robert W. Baird cut their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. DA Davidson reduced their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Finally, BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.