William Blair Investment Management LLC Decreases Stake in Winnebago Industries, Inc. $WGO

William Blair Investment Management LLC lowered its stake in Winnebago Industries, Inc. (NYSE:WGO) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 373,513 shares of the RV manufacturer’s stock after selling 39,569 shares during the period. William Blair Investment Management LLC owned 1.32% of Winnebago Industries worth $15,135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WGO. UBS Group AG raised its holdings in shares of Winnebago Industries by 224.7% in the fourth quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock worth $54,870,000 after buying an additional 937,140 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of Winnebago Industries in the fourth quarter worth $37,642,000. Maple Rock Capital Partners Inc. raised its holdings in shares of Winnebago Industries by 111.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer’s stock worth $22,746,000 after buying an additional 358,100 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Winnebago Industries in the third quarter worth $9,785,000. Finally, Royce & Associates LP purchased a new position in shares of Winnebago Industries in the third quarter worth $6,838,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Winnebago Industries from $54.00 to $46.00 and set a “buy” rating for the company in a report on Friday, March 27th. BMO Capital Markets reduced their target price on shares of 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 cut shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Truist Financial reduced their target price on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Finally, Robert W. Baird reduced their target price on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.30.

Winnebago Industries Stock Up 0.4%

WGO stock opened at $29.91 on Tuesday. The firm has a market cap of $845.50 million, a PE ratio of 20.35 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30. The firm’s fifty day moving average is $31.79 and its 200 day moving average is $37.94. Winnebago Industries, Inc. has a one year low of $27.64 and a one year high of $50.16.

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

Winnebago Industries Dividend Announcement

The company 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 is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio (DPR) is currently 95.24%.

Winnebago Industries Company Profile

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.