IndexIQ Advisors LLC cut its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 7.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 55,903 shares of the construction company’s stock after selling 4,556 shares during the period. IndexIQ Advisors LLC’s holdings in Winnebago Industries were worth $1,353,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of Winnebago Industries by 6.4% during the 2nd quarter. Millennium Management LLC now owns 55,607 shares of the construction company’s stock worth $2,258,000 after purchasing an additional 3,333 shares during the period. Victory Capital Management Inc. grew its stake in shares of Winnebago Industries by 38.0% during the 3rd quarter. Victory Capital Management Inc. now owns 7,506 shares of the construction company’s stock worth $249,000 after purchasing an additional 2,067 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Winnebago Industries during the 3rd quarter worth $2,930,000. MetLife Investment Advisors LLC grew its stake in shares of Winnebago Industries by 55.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 23,204 shares of the construction company’s stock worth $769,000 after purchasing an additional 8,237 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Winnebago Industries by 6.1% during the 3rd quarter. Legal & General Group Plc now owns 68,466 shares of the construction company’s stock worth $2,304,000 after purchasing an additional 3,952 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on WGO. SunTrust Banks lowered their price target on shares of Winnebago Industries to $34.00 and set a “positive” rating on the stock in a research note on Thursday, December 20th. Zacks Investment Research raised shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Saturday. TheStreet cut shares of Winnebago Industries from a “b-” rating to a “c+” rating in a research note on Monday, December 10th. Robert W. Baird lowered their price objective on shares of Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, October 18th. Finally, BMO Capital Markets lowered their price objective on shares of Winnebago Industries to $42.00 and set an “outperform” rating on the stock in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $40.40.
Shares of WGO stock opened at $29.90 on Wednesday. The stock has a market cap of $945.80 million, a PE ratio of 9.49 and a beta of 1.49. Winnebago Industries, Inc. has a 1-year low of $19.77 and a 1-year high of $47.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.72.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, December 19th. The construction company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.13. The business had revenue of $493.65 million for the quarter, compared to analyst estimates of $482.96 million. Winnebago Industries had a net margin of 5.17% and a return on equity of 20.10%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS. Analysts forecast that Winnebago Industries, Inc. will post 3.6 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 9th were issued a dividend of $0.11 per share. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, January 8th. Winnebago Industries’s dividend payout ratio is presently 13.97%.
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About Winnebago Industries
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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