AlphaCrest Capital Management LLC purchased a new position in shares of Winnebago Industries, Inc. (NYSE:WGO – Get Rating) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,380 shares of the construction company’s stock, valued at approximately $712,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Winnebago Industries by 13.7% during the 1st quarter. Vanguard Group Inc. now owns 2,807,506 shares of the construction company’s stock worth $151,689,000 after buying an additional 338,099 shares during the period. Dimensional Fund Advisors LP grew its holdings in Winnebago Industries by 15.7% during 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 in the last quarter. Fisher Asset Management LLC lifted its stake in Winnebago Industries by 3.2% during the 3rd quarter. Fisher Asset Management LLC now owns 1,704,127 shares of the construction company’s stock valued at $90,677,000 after acquiring an additional 52,306 shares in the last quarter. State Street Corp lifted its stake in Winnebago Industries by 1.4% during the 2nd quarter. State Street Corp now owns 1,130,973 shares of the construction company’s stock valued at $54,920,000 after acquiring an additional 15,957 shares in the last quarter. Finally, LSV Asset Management lifted its stake in Winnebago Industries by 143.9% during the 3rd quarter. LSV Asset Management now owns 1,059,915 shares of the construction company’s stock valued at $56,398,000 after acquiring an additional 625,400 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on WGO shares. MKM Partners raised their price objective on Winnebago Industries from $53.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, January 27th. Citigroup raised their price objective on Winnebago Industries from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Northcoast Research cut Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Monday, February 6th. Finally, Truist Financial raised their price objective on Winnebago Industries from $62.00 to $76.00 in a research note on Friday, February 17th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Winnebago Industries currently has a consensus rating of “Moderate Buy” and an average target price of $71.00.
Winnebago Industries Trading Down 4.4 %
Winnebago Industries (NYSE:WGO – Get Rating) last announced its quarterly earnings data on Friday, December 16th. The construction company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.24. Winnebago Industries had a return on equity of 32.66% and a net margin of 7.39%. The company had revenue of $952.20 million during the quarter, compared to analyst estimates of $898.59 million. Equities research analysts anticipate that Winnebago Industries, Inc. will post 7.12 EPS for the current year.
Winnebago Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 25th. Investors of record on Wednesday, January 11th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.76%. The ex-dividend date was Tuesday, January 10th. Winnebago Industries’s dividend payout ratio (DPR) is currently 10.19%.
Winnebago Industries Company Profile
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.
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