Winnebago Industries, Inc. $WGO Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its position in Winnebago Industries, Inc. (NYSE:WGO) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,620 shares of the RV manufacturer’s stock after buying an additional 37,120 shares during the quarter. Royce & Associates LP’s holdings in Winnebago Industries were worth $9,790,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Verdence Capital Advisors LLC lifted its holdings in shares of Winnebago Industries by 4.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 5,916 shares of the RV manufacturer’s stock valued at $240,000 after buying an additional 244 shares during the period. Amalgamated Bank lifted its holdings in shares of Winnebago Industries by 3.4% in the third quarter. Amalgamated Bank now owns 8,299 shares of the RV manufacturer’s stock valued at $278,000 after buying an additional 276 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after buying an additional 309 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Winnebago Industries by 90.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after buying an additional 364 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Winnebago Industries by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock valued at $568,000 after buying an additional 401 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WGO shares. Robert W. Baird cut their price objective on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. BMO Capital Markets reduced their target price on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Weiss Ratings downgraded Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Citigroup reaffirmed a “neutral” rating and set a $30.00 target price (down from $46.00) on shares of Winnebago Industries in a report on Wednesday. Finally, Truist Financial reduced their target price on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.70.

Winnebago Industries Trading Up 0.3%

Shares of NYSE WGO opened at $29.85 on Thursday. The company has a market cap of $843.77 million, a price-to-earnings ratio of 20.30 and a beta of 1.17. Winnebago Industries, Inc. has a 12 month low of $27.64 and a 12 month high of $50.16. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $31.62 and a 200-day simple moving average of $37.84.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $657.40 million for the quarter, compared to analyst estimates of $628.00 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.Winnebago Industries’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. Sell-side analysts predict that Winnebago Industries, Inc. will post 2.34 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, June 10th. Winnebago Industries’s payout ratio is presently 95.24%.

About Winnebago Industries

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.