Cooke & Bieler LP Reduces Stake in Winnebago Industries Inc. (WGO)
Cooke & Bieler LP cut its position in Winnebago Industries Inc. (NYSE:WGO) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,965,975 shares of the company’s stock after selling 111,960 shares during the period. Cooke & Bieler LP owned approximately 7.31% of Winnebago Industries worth $45,060,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Thomson Horstmann & Bryant Inc. boosted its stake in Winnebago Industries by 34.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 485,707 shares of the company’s stock worth $11,132,000 after buying an additional 123,957 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Winnebago Industries by 2.6% in the second quarter. New York State Teachers Retirement System now owns 100,282 shares of the company’s stock worth $2,298,000 after buying an additional 2,500 shares in the last quarter. HL Financial Services LLC boosted its stake in Winnebago Industries by 11.3% in the second quarter. HL Financial Services LLC now owns 89,051 shares of the company’s stock worth $2,041,000 after buying an additional 9,032 shares in the last quarter. Prudential Financial Inc. boosted its stake in Winnebago Industries by 30.9% in the first quarter. Prudential Financial Inc. now owns 82,193 shares of the company’s stock worth $1,845,000 after buying an additional 19,409 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Winnebago Industries during the second quarter worth $1,554,000. Institutional investors and hedge funds own 91.47% of the company’s stock.
Winnebago Industries Inc. (NYSE:WGO) traded down 0.53% during midday trading on Monday, reaching $28.19. The company had a trading volume of 262,484 shares. Winnebago Industries Inc. has a 52-week low of $15.41 and a 52-week high of $30.60. The company has a market capitalization of $758.11 million, a P/E ratio of 17.29 and a beta of 2.11. The company’s 50 day moving average is $24.75 and its 200-day moving average is $22.83.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, October 13th. The company reported $0.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.49. The company had revenue of $263.30 million for the quarter, compared to analysts’ expectations of $252.52 million. Winnebago Industries had a return on equity of 17.86% and a net margin of 4.67%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities analysts expect that Winnebago Industries Inc. will post $1.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. Winnebago Industries’s dividend payout ratio (DPR) is presently 23.67%.
A number of equities research analysts recently weighed in on WGO shares. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, June 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Winnebago Industries in a research note on Saturday, June 25th. Finally, BMO Capital Markets upped their target price on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, October 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Winnebago Industries has a consensus rating of “Hold” and an average target price of $29.33.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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