Winnebago Industries, Inc. (NYSE:WGO) Stock Position Lifted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 6.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,777 shares of the construction company’s stock after acquiring an additional 270 shares during the period. Mutual of America Capital Management LLC’s holdings in Winnebago Industries were worth $325,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Holocene Advisors LP grew its position in Winnebago Industries by 317.4% in the first quarter. Holocene Advisors LP now owns 30,536 shares of the construction company’s stock worth $2,342,000 after acquiring an additional 23,221 shares in the last quarter. New York State Common Retirement Fund grew its position in Winnebago Industries by 60.1% in the first quarter. New York State Common Retirement Fund now owns 44,680 shares of the construction company’s stock worth $3,427,000 after acquiring an additional 16,780 shares in the last quarter. FORA Capital LLC bought a new stake in Winnebago Industries in the first quarter worth approximately $295,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Winnebago Industries in the first quarter worth approximately $4,612,000. Finally, Victory Capital Management Inc. grew its position in Winnebago Industries by 24.7% in the second quarter. Victory Capital Management Inc. now owns 38,416 shares of the construction company’s stock worth $2,611,000 after acquiring an additional 7,618 shares in the last quarter. 89.68% of the stock is owned by institutional investors.

In other news, SVP Ashis Nayan Bhattacharya sold 746 shares of the stock in a transaction on Wednesday, August 11th. The shares were sold at an average price of $74.25, for a total value of $55,390.50. Following the completion of the transaction, the senior vice president now owns 17,417 shares in the company, valued at approximately $1,293,212.25. The sale was disclosed in a filing with the SEC, which is available at this link. 5.26% of the stock is owned by corporate insiders.

WGO has been the subject of several recent research reports. Northcoast Research downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Thursday, June 17th. Wedbush decreased their target price on shares of Winnebago Industries from $94.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday, June 24th. Zacks Investment Research downgraded shares of Winnebago Industries from a “buy” rating to a “hold” rating and set a $73.00 price objective for the company. in a report on Tuesday, May 25th. Finally, Raymond James assumed coverage on shares of Winnebago Industries in a report on Thursday, July 1st. They set a “market perform” rating for the company. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $80.50.

NYSE:WGO opened at $69.17 on Wednesday. The stock has a market cap of $2.32 billion, a P/E ratio of 9.83 and a beta of 1.99. Winnebago Industries, Inc. has a one year low of $44.33 and a one year high of $87.53. The company has a fifty day moving average price of $70.24 and a 200 day moving average price of $73.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.63 and a quick ratio of 1.75.

Winnebago Industries (NYSE:WGO) last released its earnings results on Tuesday, June 22nd. The construction company reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The firm had revenue of $960.70 million during the quarter, compared to analysts’ expectations of $836.82 million. Winnebago Industries had a net margin of 7.21% and a return on equity of 27.74%. The business’s quarterly revenue was up 138.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.26) EPS. As a group, equities research analysts anticipate that Winnebago Industries, Inc. will post 7.94 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 15th will be paid a dividend of $0.18 per share. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.12. This represents a $0.72 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, September 14th. Winnebago Industries’s dividend payout ratio is presently 18.60%.

Winnebago Industries Company Profile

Winnebago Industries, Inc engages in the design, development, manufacture, and sale of motorized and towable recreation products. It operates through the following segments: Grand Design towables, Winnebago towables, Winnebago motorhomes, Newmar motorhomes, Chris-Craft marine and Winnebago specialty vehicles.

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

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