Winnebago Industries, Inc. (WGO) Stake Decreased by Credit Suisse AG
Credit Suisse AG decreased its stake in Winnebago Industries, Inc. (NYSE:WGO) by 40.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,874 shares of the construction company’s stock after selling 30,442 shares during the period. Credit Suisse AG owned about 0.14% of Winnebago Industries worth $1,313,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WGO. Legal & General Group Plc raised its position in Winnebago Industries by 4.1% in the first quarter. Legal & General Group Plc now owns 48,846 shares of the construction company’s stock valued at $1,429,000 after buying an additional 1,907 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in Winnebago Industries during the first quarter valued at $3,428,000. Oxford Asset Management purchased a new position in Winnebago Industries during the first quarter valued at $1,244,000. Stoneridge Investment Partners LLC raised its position in Winnebago Industries by 43.0% in the first quarter. Stoneridge Investment Partners LLC now owns 27,978 shares of the construction company’s stock valued at $818,000 after buying an additional 8,407 shares in the last quarter. Finally, Boston Partners raised its position in Winnebago Industries by 2.2% in the first quarter. Boston Partners now owns 254,302 shares of the construction company’s stock valued at $7,438,000 after buying an additional 5,471 shares in the last quarter. Institutional investors own 79.58% of the company’s stock.
Shares of Winnebago Industries, Inc. (NYSE WGO) remained flat at $34.70 during mid-day trading on Thursday. The stock had a trading volume of 47,784 shares. Winnebago Industries, Inc. has a 52 week low of $22.11 and a 52 week high of $39.30. The company’s 50 day moving average is $35.22 and its 200-day moving average is $30.86. The stock has a market cap of $1.10 billion, a PE ratio of 17.33 and a beta of 1.98.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, June 21st. The construction company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.22. The firm 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 revenue was up 75.1% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. On average, analysts forecast that Winnebago Industries, Inc. will post $2.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th were paid a $0.10 dividend. The ex-dividend date was Monday, July 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.15%. Winnebago Industries’s payout ratio is 20.00%.
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WGO has been the topic of several recent analyst reports. CL King initiated coverage on shares of Winnebago Industries in a research note on Monday, April 24th. They set a “buy” rating and a $32.00 price objective on the stock. BidaskClub downgraded shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. BMO Capital Markets reaffirmed 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, Stifel Nicolaus began coverage on shares of Winnebago Industries in a report on Thursday, July 6th. They set a “buy” rating and a $40.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $34.83.
About Winnebago Industries
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.
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