California Public Employees Retirement System cut its stake in Winnebago Industries, Inc. (NYSE:WGO) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,470 shares of the construction company’s stock after selling 9,378 shares during the quarter. California Public Employees Retirement System owned about 0.22% of Winnebago Industries worth $1,682,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. LSV Asset Management lifted its stake in shares of Winnebago Industries by 0.8% in the 4th quarter. LSV Asset Management now owns 1,642,100 shares of the construction company’s stock valued at $39,755,000 after acquiring an additional 12,400 shares during the last quarter. Virginia Retirement Systems ET AL lifted its stake in shares of Winnebago Industries by 11.4% in the 4th quarter. Virginia Retirement Systems ET AL now owns 45,900 shares of the construction company’s stock valued at $1,111,000 after acquiring an additional 4,700 shares during the last quarter. IndexIQ Advisors LLC increased its holdings in Winnebago Industries by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 60,459 shares of the construction company’s stock valued at $2,004,000 after purchasing an additional 2,283 shares during the period. Morgan Stanley increased its holdings in Winnebago Industries by 61.2% during the 3rd quarter. Morgan Stanley now owns 226,605 shares of the construction company’s stock valued at $7,511,000 after purchasing an additional 86,002 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Winnebago Industries during the 3rd quarter valued at about $2,930,000. Institutional investors own 92.60% of the company’s stock.
WGO has been the topic of a number of research analyst reports. ValuEngine downgraded Winnebago Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Zacks Investment Research downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. TheStreet upgraded Winnebago Industries from a “c+” rating to a “b-” rating in a report on Monday, February 11th. BMO Capital Markets reduced their target price on Winnebago Industries to $42.00 and set an “outperform” rating on the stock in a report on Monday, February 4th. Finally, Jefferies Financial Group assumed coverage on Winnebago Industries in a report on Thursday, March 28th. They set a “hold” rating and a $31.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $38.83.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Monday, March 25th. The construction company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $432.70 million for the quarter, compared to analysts’ expectations of $443.05 million. Winnebago Industries had a return on equity of 19.11% and a net margin of 5.24%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. On average, equities analysts anticipate that Winnebago Industries, Inc. will post 3.53 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Wednesday, April 3rd were given a $0.11 dividend. The ex-dividend date was Tuesday, April 2nd. This represents a $0.44 annualized dividend and a yield of 1.19%. Winnebago Industries’s dividend payout ratio (DPR) is presently 13.97%.
In related news, VP Steven Scott Degnan sold 10,013 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $30.11, for a total value of $301,491.43. Following the transaction, the vice president now directly owns 32,449 shares of the company’s stock, valued at approximately $977,039.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bryan L. Hughes acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was acquired at an average cost of $29.58 per share, for a total transaction of $73,950.00. Following the completion of the transaction, the chief financial officer now directly owns 19,288 shares in the company, valued at approximately $570,539.04. The disclosure for this purchase can be found here. Corporate insiders own 3.57% of the company’s stock.
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Winnebago Industries Company Profile
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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