SignalPoint Asset Management LLC grew its position in Winnebago Industries, Inc. (NYSE:WGO) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,063 shares of the construction company’s stock after purchasing an additional 1,434 shares during the period. SignalPoint Asset Management LLC owned approximately 0.09% of Winnebago Industries worth $1,255,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Winnebago Industries by 6.5% in the 2nd quarter. BlackRock Inc. now owns 3,426,574 shares of the construction company’s stock valued at $119,930,000 after purchasing an additional 210,269 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Winnebago Industries by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,846,289 shares of the construction company’s stock valued at $64,620,000 after purchasing an additional 157,772 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Winnebago Industries by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,567,654 shares of the construction company’s stock valued at $54,868,000 after purchasing an additional 97,867 shares in the last quarter. Cooke & Bieler LP lifted its stake in shares of Winnebago Industries by 2.4% in the 2nd quarter. Cooke & Bieler LP now owns 1,554,738 shares of the construction company’s stock valued at $54,416,000 after purchasing an additional 36,376 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its stake in shares of Winnebago Industries by 9.5% in the 2nd quarter. Kennedy Capital Management Inc. now owns 1,180,893 shares of the construction company’s stock valued at $41,331,000 after purchasing an additional 102,001 shares in the last quarter. 84.84% of the stock is currently owned by institutional investors and hedge funds.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share (EPS) 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%. The firm’s revenue was up 72.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS.
Winnebago Industries announced that its Board of Directors has authorized a stock repurchase plan on Thursday, October 19th that allows the company to buyback $70.00 million in shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.40 annualized dividend and a yield of 0.83%. Winnebago Industries’s payout ratio is 17.39%.
Several research firms recently commented on WGO. BMO Capital Markets boosted their price target on Winnebago Industries to $51.00 and gave the stock a “market perform” rating in a research report on Monday, October 23rd. Robert W. Baird reissued an “outperform” rating and set a $48.00 price target (up from $38.00) on shares of Winnebago Industries in a research report on Friday, October 20th. SunTrust Banks, Inc. reissued a “hold” rating and set a $45.00 price target 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 raised Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price target 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 boosted 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.71.
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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.
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