Shell Asset Management Co. Decreases Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Posted by Defense World Staff on Mar 2nd, 2023

Shell Asset Management Co. lowered its stake in Winnebago Industries, Inc. (NYSE:WGO – Get Rating) by 20.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,304 shares of the construction company’s stock after selling 608 shares during the period. Shell Asset Management Co.’s holdings in Winnebago Industries were worth $123,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Hsbc Holdings PLC purchased a new position in shares of Winnebago Industries in the third quarter worth about $245,000. WINTON GROUP Ltd purchased a new position in shares of Winnebago Industries in the third quarter worth about $2,022,000. Dimensional Fund Advisors LP increased its holdings in shares of Winnebago Industries by 15.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,886,158 shares of the construction company’s stock worth $100,363,000 after buying an additional 255,541 shares during the period. Bank of Montreal Can increased its holdings in shares of Winnebago Industries by 1.2% in the third quarter. Bank of Montreal Can now owns 575,919 shares of the construction company’s stock worth $31,623,000 after buying an additional 6,894 shares during the period. Finally, UBS Group AG increased its holdings in shares of Winnebago Industries by 43.7% in the third quarter. UBS Group AG now owns 7,453 shares of the construction company’s stock worth $397,000 after buying an additional 2,267 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Winnebago Industries Stock Performance

Winnebago Industries stock opened at $64.08 on Thursday. The stock’s 50 day simple moving average is $60.92 and its two-hundred day simple moving average is $58.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 2.42. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 6.05 and a beta of 1.68. Winnebago Industries, Inc. has a fifty-two week low of $43.05 and a fifty-two week high of $70.53.

Winnebago Industries (NYSE:WGO – Get Rating) last posted its quarterly earnings data on Friday, December 16th. The construction company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.24. The business had revenue of $952.20 million for the quarter, compared to analysts’ expectations of $898.59 million. Winnebago Industries had a return on equity of 32.66% and a net margin of 7.39%. As a group, analysts expect that Winnebago Industries, Inc. will post 7.12 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 11th were given a $0.27 dividend. The ex-dividend date was Tuesday, January 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.69%. Winnebago Industries’s dividend payout ratio is currently 10.19%.

Analyst Ratings Changes

Several research firms have recently commented on WGO. Northcoast Research downgraded Winnebago Industries from a “buy” rating to a “neutral” rating in a report on Monday, February 6th. MKM Partners boosted their price target on Winnebago Industries from $53.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, January 27th. Citigroup boosted their price target on Winnebago Industries from $70.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 24th. Finally, Truist Financial boosted their price target on Winnebago Industries from $62.00 to $76.00 in a report on Friday, February 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Winnebago Industries presently has an average rating of “Moderate Buy” and an average price target of $71.00.

About Winnebago Industries

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Winnebago Industries, Inc engages in the manufacture of recreational vehicles and marine products. It operates through the following business segments: Towable, Motorhome, and Marine. The Towable segment includes non-motorized vehicles that are designed to be towed by automobiles, pickup trucks, SUVs, and vans and are used as temporary living quarters for recreational travel.