Pzena Investment Management LLC Acquires New Stake in Winnebago Industries, Inc. $WGO

Pzena Investment Management LLC acquired a new stake in Winnebago Industries, Inc. (NYSE:WGO) during the 4th quarter, Holdings Channel reports. The fund acquired 928,962 shares of the RV manufacturer’s stock, valued at approximately $37,642,000.

Several other institutional investors have also added to or reduced their stakes in WGO. Royal Bank of Canada lifted its position in Winnebago Industries by 5.5% in the 1st quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock valued at $329,000 after acquiring an additional 498 shares in the last quarter. AQR Capital Management LLC lifted its position in Winnebago Industries by 283.0% during the 1st quarter. AQR Capital Management LLC now owns 65,104 shares of the RV manufacturer’s stock worth $2,243,000 after buying an additional 48,105 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Winnebago Industries by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock worth $568,000 after buying an additional 401 shares in the last quarter. First Trust Advisors LP lifted its position in Winnebago Industries by 83.9% during the 2nd quarter. First Trust Advisors LP now owns 34,626 shares of the RV manufacturer’s stock worth $1,004,000 after buying an additional 15,801 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Winnebago Industries by 142.3% during the 2nd quarter. Marshall Wace LLP now owns 233,505 shares of the RV manufacturer’s stock worth $6,772,000 after buying an additional 137,120 shares in the last quarter.

Winnebago Industries Stock Performance

Shares of NYSE WGO opened at $29.29 on Friday. The company has a current ratio of 2.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. Winnebago Industries, Inc. has a 12 month low of $27.64 and a 12 month high of $50.16. The stock has a 50 day moving average of $31.94 and a 200-day moving average of $38.04. The company has a market capitalization of $827.97 million, a P/E ratio of 19.92 and a beta of 1.17.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $657.40 million for the quarter, compared to analysts’ expectations of $628.00 million. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. As a group, equities research analysts predict that Winnebago Industries, Inc. will post 2.33 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio is presently 95.24%.

Analyst Ratings Changes

Several brokerages have commented on WGO. Citigroup cut their price target on shares of Winnebago Industries from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Truist Financial cut their price target on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Robert W. Baird cut their price target on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Weiss Ratings cut shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Winnebago Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.30.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.