Winnebago Industries, Inc. $WGO Shares Sold by LHM Inc.

LHM Inc. lessened its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 13.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 146,629 shares of the RV manufacturer’s stock after selling 23,308 shares during the period. Winnebago Industries accounts for approximately 2.2% of LHM Inc.’s investment portfolio, making the stock its 16th biggest holding. LHM Inc. owned approximately 0.52% of Winnebago Industries worth $5,941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS Group AG raised its holdings in Winnebago Industries by 224.7% during the fourth quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock worth $54,870,000 after purchasing an additional 937,140 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in Winnebago Industries in the fourth quarter valued at $37,642,000. Maple Rock Capital Partners Inc. boosted its stake in Winnebago Industries by 111.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer’s stock valued at $22,746,000 after acquiring an additional 358,100 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Winnebago Industries during the third quarter worth about $9,785,000. Finally, Royce & Associates LP acquired a new stake in shares of Winnebago Industries during the third quarter worth about $6,838,000.

Wall Street Analysts Forecast Growth

WGO has been the subject of several research analyst reports. Weiss Ratings downgraded Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Citigroup lowered shares of Winnebago Industries from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $30.00 in a research note on Wednesday. Robert W. Baird decreased their target price on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. BMO Capital Markets reduced their price objective on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Finally, Truist Financial lowered their target price on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.70.

Winnebago Industries Stock Up 1.6%

WGO opened at $30.39 on Friday. Winnebago Industries, Inc. has a 1 year low of $27.64 and a 1 year high of $50.16. The firm has a 50 day moving average price of $31.56 and a 200 day moving average price of $37.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30. The company has a market cap of $858.98 million, a PE ratio of 20.67 and a beta of 1.17.

Winnebago Industries (NYSE:WGO) last posted its 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 business had revenue of $657.40 million for the quarter, compared to analyst estimates of $628.00 million. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. Sell-side analysts expect that Winnebago Industries, Inc. will post 2.34 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders 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 4.6%. The ex-dividend date of this dividend is Wednesday, June 10th. Winnebago Industries’s payout ratio is presently 95.24%.

Winnebago Industries 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.