Hillsdale Investment Management Inc. Purchases Shares of 129,700 Winnebago Industries, Inc. $WGO

Hillsdale Investment Management Inc. purchased a new stake in Winnebago Industries, Inc. (NYSE:WGO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 129,700 shares of the RV manufacturer’s stock, valued at approximately $5,255,000. Hillsdale Investment Management Inc. owned 0.46% of Winnebago Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC increased its position in Winnebago Industries by 4.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 5,916 shares of the RV manufacturer’s stock valued at $240,000 after acquiring an additional 244 shares during the period. Public Employees Retirement System of Ohio increased its position in 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 acquiring an additional 309 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Winnebago Industries by 90.5% in the 3rd 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 valued at $568,000 after acquiring an additional 401 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Winnebago Industries by 2.6% in the 4th quarter. State of Alaska Department of Revenue now owns 15,900 shares of the RV manufacturer’s stock valued at $643,000 after acquiring an additional 402 shares during the period.

Winnebago Industries Trading Down 2.2%

WGO opened at $29.65 on Friday. Winnebago Industries, Inc. has a twelve month low of $27.64 and a twelve month high of $50.16. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average of $31.50 and a 200-day moving average of $37.74. The stock has a market cap of $838.23 million, a PE ratio of 20.17 and a beta of 1.17.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The company had revenue of $657.40 million during the quarter, compared to analysts’ expectations of $628.00 million. During the same period in the prior year, the company posted $0.19 earnings per share. Winnebago Industries’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that Winnebago Industries, Inc. will post 2.34 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio (DPR) is presently 95.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BMO Capital Markets decreased their price target on shares of 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 cut shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Truist Financial decreased their price objective on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Robert W. Baird decreased their price objective on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, Weiss Ratings cut shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.70.

Winnebago Industries Company 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.