Winnebago Industries, Inc. (WGO) Stake Increased by Engineers Gate Manager LP

Engineers Gate Manager LP grew its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 206.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,210 shares of the construction company’s stock after buying an additional 49,960 shares during the quarter. Engineers Gate Manager LP owned about 0.23% of Winnebago Industries worth $3,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virginia Retirement Systems ET AL increased its stake in Winnebago Industries by 20.6% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 52,200 shares of the construction company’s stock valued at $1,827,000 after purchasing an additional 8,900 shares in the last quarter. Swiss National Bank increased its stake in Winnebago Industries by 6.6% in the 2nd quarter. Swiss National Bank now owns 48,800 shares of the construction company’s stock valued at $1,708,000 after purchasing an additional 3,000 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Winnebago Industries by 57.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 37,351 shares of the construction company’s stock valued at $1,307,000 after purchasing an additional 13,675 shares in the last quarter. Penserra Capital Management LLC increased its stake in Winnebago Industries by 476.6% in the 3rd quarter. Penserra Capital Management LLC now owns 36,732 shares of the construction company’s stock valued at $1,643,000 after purchasing an additional 30,362 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in Winnebago Industries by 3.5% in the 1st quarter. Teachers Advisors LLC now owns 44,895 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 1,519 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Winnebago Industries, Inc. (NYSE:WGO) traded up $1.80 during trading on Wednesday, reaching $54.05. The company’s stock had a trading volume of 540,600 shares, compared to its average volume of 513,239. The company has a quick ratio of 1.03, a current ratio of 1.88 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1,720.00, a P/E ratio of 17.77 and a beta of 2.06. Winnebago Industries, Inc. has a one year low of $24.15 and a one year high of $55.90.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. The company had revenue of $454.90 million during the quarter, compared to the consensus estimate of $444.50 million. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. Winnebago Industries’s revenue was up 72.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. research analysts anticipate that Winnebago Industries, Inc. will post 2.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, November 14th. Winnebago Industries’s payout ratio is 17.39%.

Winnebago Industries declared that its board has authorized a stock repurchase program on Thursday, October 19th that authorizes the company to buyback $70.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. ValuEngine downgraded Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Robert W. Baird reaffirmed a “buy” rating on shares of Winnebago Industries in a research note on Thursday, September 28th. Finally, Stifel Nicolaus downgraded Winnebago Industries from a “buy” rating to a “hold” rating and raised their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $46.17.

ILLEGAL ACTIVITY WARNING: “Winnebago Industries, Inc. (WGO) Stake Increased by Engineers Gate Manager LP” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://stocknewstimes.com/2017/12/06/winnebago-industries-inc-wgo-stake-increased-by-engineers-gate-manager-lp.html.

About Winnebago Industries

Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.

Want to see what other hedge funds are holding WGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Winnebago Industries, Inc. (NYSE:WGO).

Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

Receive News & Ratings for Winnebago Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply