American International Group Inc. cut its stake in Winnebago Industries, Inc. (NYSE:WGO) by 15.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 16,513 shares of the construction company’s stock after selling 3,079 shares during the period. American International Group Inc. owned approximately 0.05% of Winnebago Industries worth $483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in shares of Winnebago Industries by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the construction company’s stock valued at $316,000 after buying an additional 200 shares during the period. Arizona State Retirement System boosted its position in shares of Winnebago Industries by 1.5% in the first quarter. Arizona State Retirement System now owns 13,799 shares of the construction company’s stock valued at $404,000 after buying an additional 200 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Winnebago Industries by 2.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,180 shares of the construction company’s stock valued at $449,000 after buying an additional 350 shares during the period. Mason Street Advisors LLC boosted its position in shares of Winnebago Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,204 shares of the construction company’s stock valued at $181,000 after buying an additional 424 shares during the period. Finally, Comerica Bank boosted its position in shares of Winnebago Industries by 4.0% in the fourth quarter. Comerica Bank now owns 28,165 shares of the construction company’s stock valued at $928,000 after buying an additional 1,072 shares during the period. 77.66% of the stock is currently owned by institutional investors.

Shares of Winnebago Industries, Inc. (NYSE WGO) traded down 0.98% during mid-day trading on Monday, hitting $35.50. The stock had a trading volume of 451,145 shares. Winnebago Industries, Inc. has a 12 month low of $22.11 and a 12 month high of $39.30. The firm has a market cap of $1.12 billion, a PE ratio of 17.73 and a beta of 1.98. The stock’s 50-day moving average is $34.13 and its 200 day moving average is $30.59.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, June 21st. The construction company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.22. The business had revenue of $476.40 million during the quarter, compared to the consensus estimate of $440.94 million. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The company’s quarterly revenue was up 75.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Equities research analysts predict that Winnebago Industries, Inc. will post $2.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 12th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, July 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.13%. Winnebago Industries’s dividend payout ratio (DPR) is 20.00%.

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Several research analysts recently issued reports on the company. BidaskClub cut Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Stifel Nicolaus initiated coverage on Winnebago Industries in a research note on Thursday, July 6th. They issued a “buy” rating and a $40.00 price objective on the stock. BMO Capital Markets restated a “market perform” rating and set a $34.00 target price (up previously from $29.00) on shares of Winnebago Industries in a report on Thursday, June 22nd. Finally, CL King initiated coverage on Winnebago Industries in a report on Monday, April 24th. They set a “buy” rating and a $32.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Winnebago Industries has a consensus rating of “Buy” and a consensus target price of $34.83.

In other Winnebago Industries news, Director Christopher J. Braun purchased 5,000 shares of the company’s stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $27.72 per share, for a total transaction of $138,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

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 designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.

Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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