Jefferies Financial Group Inc. Buys New Shares in Winnebago Industries, Inc. (NYSE:WGO)

Key Points

• Jefferies Financial Group Inc. purchased 20,351 shares of Winnebago Industries, valued at approximately $701,000, strengthening its position in the company to 0.07% ownership.
• Winnebago Industries declared a quarterly dividend of $0.34 per share, representing an annualized dividend of $1.36 with a yield of 4.5%.
• Brokerage firms have recently lowered their target prices for Winnebago Industries, with the stock currently holding a rating of "Moderate Buy" and an average price target of $42.33.

Jefferies Financial Group Inc. purchased a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,351 shares of the construction company's stock, valued at approximately $701,000. Jefferies Financial Group Inc. owned 0.07% of Winnebago Industries at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WGO. SG Americas Securities LLC bought a new stake in shares of Winnebago Industries during the 1st quarter worth $1,054,000. GAMMA Investing LLC increased its position in shares of Winnebago Industries by 9,187.9% during the 1st quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company's stock worth $819,000 after purchasing an additional 23,521 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Winnebago Industries by 26.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock worth $249,000 after purchasing an additional 1,503 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Winnebago Industries during the 1st quarter worth about $254,000. Finally, Parallel Advisors LLC grew its holdings in Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after acquiring an additional 711 shares during the last quarter.

Winnebago Industries Stock Down 1.5%

WGO stock traded down $0.46 during mid-day trading on Friday, hitting $30.36. 526,212 shares of the company were exchanged, compared to its average volume of 625,865. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 2.41. The firm has a market cap of $850.99 million, a P/E ratio of -51.46 and a beta of 1.06. The firm's 50 day simple moving average is $31.35 and its 200 day simple moving average is $35.18. Winnebago Industries, Inc. has a 1-year low of $28.00 and a 1-year high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The company had revenue of $775.10 million for the quarter, compared to the consensus estimate of $808.15 million. During the same period last year, the company earned $1.13 earnings per share. The firm's revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were issued a $0.34 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.5%. Winnebago Industries's dividend payout ratio (DPR) is -230.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WGO shares. Truist Financial decreased their price objective on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Wall Street Zen raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a report on Sunday, June 29th. DA Davidson raised shares of Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Roth Capital reduced their target price on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Finally, Robert W. Baird reduced their target price on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

Winnebago Industries 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 through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.