Winnebago Industries, Inc. $WGO Shares Bought by UBS Group AG

UBS Group AG grew its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 224.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,354,155 shares of the RV manufacturer’s stock after acquiring an additional 937,140 shares during the quarter. UBS Group AG’s holdings in Winnebago Industries were worth $54,870,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake 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 acquiring an additional 364 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Winnebago Industries by 825.4% during the third quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock worth $40,000 after acquiring an additional 1,073 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Winnebago Industries by 15.9% during the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after acquiring an additional 309 shares during the last quarter. State of Wyoming increased its stake in Winnebago Industries by 151.4% during the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock worth $99,000 after acquiring an additional 2,051 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Winnebago Industries during the second quarter worth about $100,000.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings upgraded Winnebago Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. BMO Capital Markets dropped their price target on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Citigroup dropped their price target on Winnebago Industries from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Robert W. Baird dropped their price target on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Finally, Truist Financial dropped their price target on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Winnebago Industries presently has a consensus rating of “Hold” and a consensus price target of $42.30.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $30.93 on Wednesday. Winnebago Industries, Inc. has a 1-year low of $28.00 and a 1-year high of $50.16. The business has a 50-day moving average of $34.21 and a 200-day moving average of $38.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99. The company has a market capitalization of $874.25 million, a price-to-earnings ratio of 21.04 and a beta of 1.17.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $657.40 million during the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.Winnebago Industries’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. On average, equities analysts anticipate that Winnebago Industries, Inc. will post 2.33 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.40 dividend on an annualized basis and a yield of 4.5%. Winnebago Industries’s dividend payout ratio is currently 95.24%.

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.