Janney Capital Management LLC Has $452,000 Stake in Winnebago Industries, Inc. (WGO)
Janney Capital Management LLC raised its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 46.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,122 shares of the construction company’s stock after buying an additional 3,198 shares during the quarter. Janney Capital Management LLC’s holdings in Winnebago Industries were worth $452,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. NEXT Financial Group Inc bought a new position in shares of Winnebago Industries during the 3rd quarter valued at about $124,000. SG Americas Securities LLC bought a new position in shares of Winnebago Industries during the 2nd quarter valued at about $107,000. Pinebridge Investments L.P. lifted its holdings in shares of Winnebago Industries by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock valued at $123,000 after purchasing an additional 35 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Winnebago Industries by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock valued at $125,000 after purchasing an additional 536 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Winnebago Industries during the 3rd quarter valued at about $226,000. Institutional investors own 82.99% of the company’s stock.
Several equities analysts have recently weighed in on WGO shares. ValuEngine cut Winnebago Industries from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird restated a “buy” rating on shares of Winnebago Industries in a research note on Thursday, September 28th. Stifel Nicolaus cut Winnebago Industries from a “buy” rating to a “hold” rating and boosted their target price for the company from $40.00 to $44.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and issued a $34.00 target price on shares of Winnebago Industries in a research note on Friday, September 1st. Finally, SunTrust Banks restated a “hold” rating and issued a $45.00 target price on shares of Winnebago Industries in a research note on Friday, October 20th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.17.
Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, October 19th. The construction company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The firm had revenue of $454.90 million for the quarter, compared to analysts’ expectations of $444.50 million. During the same quarter in the previous year, the business posted $0.49 EPS. The business’s quarterly revenue was up 72.8% compared to the same quarter last year. sell-side analysts forecast that Winnebago Industries, Inc. will post 2.88 earnings per share for the current fiscal year.
Winnebago Industries announced that its Board of Directors has initiated a share repurchase program on Thursday, October 19th that authorizes the company to buyback $70.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Tuesday, November 14th. Winnebago Industries’s dividend payout ratio is currently 17.39%.
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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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