Texas Permanent School Fund lessened its stake in Winnebago Industries, Inc. (NYSE:WGO) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,566 shares of the construction company’s stock after selling 1,418 shares during the quarter. Texas Permanent School Fund owned approximately 0.06% of Winnebago Industries worth $1,088,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WGO. Bank of New York Mellon Corp grew its holdings in shares of Winnebago Industries by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 707,926 shares of the construction company’s stock worth $31,679,000 after purchasing an additional 10,975 shares in the last quarter. Edge Wealth Management LLC acquired a new stake in shares of Winnebago Industries during the fourth quarter valued at about $278,000. JPMorgan Chase & Co. boosted its stake in shares of Winnebago Industries by 794.8% during the third quarter. JPMorgan Chase & Co. now owns 525,726 shares of the construction company’s stock valued at $23,395,000 after purchasing an additional 466,975 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Winnebago Industries by 476.6% during the third 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, Janney Capital Management LLC boosted its stake in shares of Winnebago Industries by 46.2% during the third quarter. Janney Capital Management LLC now owns 10,122 shares of the construction company’s stock valued at $452,000 after purchasing an additional 3,198 shares in the last quarter. 78.57% of the stock is owned by institutional investors.
WGO has been the subject of a number of analyst reports. Northcoast Research downgraded Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Friday, January 26th. They noted that the move was a valuation call. Robert W. Baird lifted their target price on Winnebago Industries from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. ValuEngine downgraded Winnebago Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $53.00 price objective (up previously from $45.00) on shares of Winnebago Industries in a report on Thursday, December 21st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $51.67.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $450.00 million for the quarter, compared to analyst estimates of $387.12 million. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. The firm’s revenue for the quarter was up 83.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. equities analysts forecast that Winnebago Industries, Inc. will post 3.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.96%. Winnebago Industries’s dividend payout ratio is currently 16.33%.
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Winnebago Industries Company Profile
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.
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