Dynamic Technology Lab Private Ltd Acquires 19,138 Shares of Winnebago Industries, Inc. $WGO

Dynamic Technology Lab Private Ltd grew its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 73.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 45,268 shares of the RV manufacturer’s stock after buying an additional 19,138 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Winnebago Industries were worth $1,835,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in Winnebago Industries by 90.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after purchasing an additional 364 shares during the period. Clearstead Advisors LLC bought a new position in Winnebago Industries during the fourth quarter worth about $35,000. Hantz Financial Services Inc. boosted its position in Winnebago Industries by 825.4% during the third quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock worth $40,000 after purchasing an additional 1,073 shares during the period. Public Employees Retirement System of Ohio boosted its position in Winnebago Industries by 15.9% during the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after purchasing an additional 309 shares during the period. Finally, State of Wyoming boosted its position in Winnebago Industries by 151.4% during the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock worth $99,000 after purchasing an additional 2,051 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WGO shares. Wall Street Zen lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Truist Financial lowered their price target on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Robert W. Baird lowered their price target on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. BMO Capital Markets lowered their price target on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Finally, Citigroup downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $46.00 to $30.00 in a report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.70.

Winnebago Industries Trading Up 4.2%

Shares of Winnebago Industries stock opened at $29.29 on Friday. The company’s 50-day moving average price is $30.68 and its 200-day moving average price is $37.38. The company has a market cap of $828.06 million, a price-to-earnings ratio of 19.93 and a beta of 1.12. 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 $27.29 and a 12-month high of $50.16.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $657.40 million for the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. Winnebago Industries’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. On average, equities analysts expect that Winnebago Industries, Inc. will post 2.34 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio (DPR) is currently 95.24%.

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.