Winnebago Industries, Inc. $WGO Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC lifted its position in Winnebago Industries, Inc. (NYSE:WGO) by 162.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,108 shares of the RV manufacturer’s stock after acquiring an additional 34,719 shares during the quarter. Legato Capital Management LLC owned 0.20% of Winnebago Industries worth $2,273,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WGO. Royal Bank of Canada grew its position in shares of Winnebago Industries by 5.5% in the 1st quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock worth $329,000 after acquiring an additional 498 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Winnebago Industries by 283.0% in the 1st quarter. AQR Capital Management LLC now owns 65,104 shares of the RV manufacturer’s stock worth $2,243,000 after acquiring an additional 48,105 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Winnebago Industries by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock worth $568,000 after acquiring an additional 401 shares in the last quarter. First Trust Advisors LP grew its position in shares of Winnebago Industries by 83.9% in the 2nd quarter. First Trust Advisors LP now owns 34,626 shares of the RV manufacturer’s stock worth $1,004,000 after acquiring an additional 15,801 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Winnebago Industries by 142.3% in the 2nd quarter. Marshall Wace LLP now owns 233,505 shares of the RV manufacturer’s stock worth $6,772,000 after acquiring an additional 137,120 shares in the last quarter.

Winnebago Industries Trading Up 1.9%

NYSE:WGO opened at $29.91 on Friday. Winnebago Industries, Inc. has a 12-month low of $27.64 and a 12-month high of $50.16. The firm has a market capitalization of $845.50 million, a P/E ratio of 20.35 and a beta of 1.17. 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 business has a 50 day simple moving average of $31.86 and a 200 day simple moving average of $37.98.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The business had revenue of $657.40 million during the quarter, compared to analyst estimates of $628.00 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts predict that Winnebago Industries, Inc. will post 2.34 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.40 annualized dividend and a yield of 4.7%. Winnebago Industries’s payout ratio is presently 95.24%.

Analyst Ratings Changes

WGO has been the subject of several research reports. Robert W. Baird decreased their target price on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. BMO Capital Markets decreased their target price on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. Wall Street Zen lowered Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Sunday. Truist Financial reduced their price objective on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Finally, Weiss Ratings lowered Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.30.

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.