Fox Run Management L.L.C. Invests $541,000 in Winnebago Industries, Inc. (WGO)

Fox Run Management L.L.C. acquired a new position in shares of Winnebago Industries, Inc. (NYSE:WGO) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,100 shares of the construction company’s stock, valued at approximately $541,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinebridge Investments L.P. lifted its position in shares of Winnebago Industries by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock valued at $123,000 after buying an additional 35 shares in the last quarter. Anchor Capital Advisors LLC lifted its position in shares of Winnebago Industries by 0.4% during the 2nd quarter. Anchor Capital Advisors LLC now owns 34,239 shares of the construction company’s stock valued at $1,198,000 after buying an additional 150 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Winnebago Industries by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 19,371 shares of the construction company’s stock valued at $678,000 after buying an additional 163 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Winnebago Industries by 1.5% during the 1st quarter. Arizona State Retirement System now owns 13,799 shares of the construction company’s stock valued at $404,000 after buying an additional 200 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Winnebago Industries by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock valued at $125,000 after buying an additional 536 shares in the last quarter. 84.84% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Winnebago Industries to $51.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Robert W. Baird reiterated an “outperform” rating and set a $48.00 target price (up previously from $38.00) on shares of Winnebago Industries in a research report on Friday, October 20th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $45.00 target price on shares of Winnebago Industries in a research report on Friday, October 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research report on Thursday, October 5th. Finally, Stifel Nicolaus lowered Winnebago Industries from a “buy” rating to a “hold” rating and increased their target price for the company from $40.00 to $44.00 in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.71.

Winnebago Industries, Inc. (WGO) opened at 48.45 on Monday. The stock’s 50 day moving average price is $43.29 and its 200-day moving average price is $34.45. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 24.20 and a beta of 1.99. Winnebago Industries, Inc. has a 12 month low of $24.15 and a 12 month high of $48.60.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Thursday, October 19th. The construction company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.09. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The firm had revenue of $454.90 million for the quarter, compared to analyst estimates of $444.50 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. Winnebago Industries’s quarterly revenue was up 72.8% on a year-over-year basis. Equities research analysts predict that Winnebago Industries, Inc. will post $2.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, November 14th. Winnebago Industries’s dividend payout ratio is presently 17.39%.

Winnebago Industries announced that its board has authorized a stock buyback plan on Thursday, October 19th that permits the company to repurchase $70.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Winnebago Industries 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.

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

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