Argent Capital Management LLC Trims Holdings in Winnebago Industries, Inc. (WGO)
Argent Capital Management LLC cut its position in Winnebago Industries, Inc. (NYSE:WGO) by 13.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,840 shares of the construction company’s stock after selling 7,230 shares during the period. Argent Capital Management LLC owned about 0.15% of Winnebago Industries worth $2,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Winnebago Industries by 6.5% in the second quarter. BlackRock Inc. now owns 3,426,574 shares of the construction company’s stock worth $119,930,000 after purchasing an additional 210,269 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Winnebago Industries by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,864,305 shares of the construction company’s stock valued at $83,427,000 after acquiring an additional 18,016 shares in the last quarter. Vanguard Group Inc. grew its stake in Winnebago Industries by 6.7% during the second quarter. Vanguard Group Inc. now owns 1,567,654 shares of the construction company’s stock valued at $54,868,000 after acquiring an additional 97,867 shares in the last quarter. Cooke & Bieler LP grew its stake in Winnebago Industries by 2.4% during the second quarter. Cooke & Bieler LP now owns 1,554,738 shares of the construction company’s stock valued at $54,416,000 after acquiring an additional 36,376 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its stake in Winnebago Industries by 9.5% during the second quarter. Kennedy Capital Management Inc. now owns 1,180,893 shares of the construction company’s stock valued at $41,331,000 after acquiring an additional 102,001 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.
WGO has been the subject of several research reports. Zacks Investment Research lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. BMO Capital Markets restated a “hold” rating and issued a $34.00 target price on shares of Winnebago Industries in a report on Friday, September 1st. ValuEngine upgraded shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Robert W. Baird restated a “buy” rating on shares of Winnebago Industries in a report on Thursday, September 28th. Finally, Stifel Nicolaus lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating and raised their target price for the stock from $40.00 to $44.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Winnebago Industries presently has an average rating of “Buy” and an average target price of $46.17.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, October 19th. The construction company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. The firm had revenue of $454.90 million for the quarter, compared to the consensus estimate of $444.50 million. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 72.8% compared to the same quarter last year. equities research analysts expect that Winnebago Industries, Inc. will post 2.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 14th. Winnebago Industries’s dividend payout ratio (DPR) is presently 17.39%.
Winnebago Industries announced that its board has approved a share repurchase program on Thursday, October 19th that authorizes the company to repurchase $70.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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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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