5,737 Shares in Winnebago Industries, Inc. (WGO) Purchased by Piedmont Investment Advisors LLC
Piedmont Investment Advisors LLC bought a new position in shares of Winnebago Industries, Inc. (NYSE:WGO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,737 shares of the construction company’s stock, valued at approximately $201,000.
Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Winnebago Industries during the 2nd quarter worth approximately $107,000. Pinebridge Investments L.P. lifted its holdings in Winnebago Industries by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock worth $123,000 after buying an additional 35 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Winnebago Industries by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock worth $125,000 after buying an additional 536 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Winnebago Industries by 78.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,233 shares of the construction company’s stock worth $183,000 after buying an additional 2,303 shares during the last quarter. Finally, Bluestein R H & Co. bought a new position in Winnebago Industries during the 2nd quarter worth approximately $210,000. 84.96% of the stock is currently owned by institutional investors.
Shares of Winnebago Industries, Inc. (WGO) opened at 47.90 on Friday. The company has a market cap of $1.51 billion, a P/E ratio of 23.93 and a beta of 1.99. The company has a 50 day moving average price of $42.67 and a 200 day moving average price of $34.19. Winnebago Industries, Inc. has a one year low of $24.15 and a one year high of $48.60.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Thursday, October 19th. The construction company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.09. The company had revenue of $454.90 million for the quarter, compared to the consensus estimate of $444.50 million. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The company’s quarterly revenue was up 72.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. Equities research analysts expect that Winnebago Industries, Inc. will post $2.82 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 14th. Winnebago Industries’s payout ratio is 17.39%.
Winnebago Industries announced that its board has authorized a share repurchase plan on Thursday, October 19th that authorizes the company to buyback $70.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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A number of research firms have commented on WGO. BidaskClub downgraded Winnebago Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Stifel Nicolaus began coverage on Winnebago Industries in a report on Thursday, July 6th. They set a “buy” rating and a $40.00 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $34.00 target price on shares of Winnebago Industries in a report on Friday, September 1st. ValuEngine raised Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a report on Thursday, October 5th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $44.71.
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.
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