Jefferies Financial Group Inc. Invests $701,000 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. bought a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,351 shares of the construction company's stock, valued at approximately $701,000. Jefferies Financial Group Inc. owned approximately 0.07% of Winnebago Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Winnebago Industries during the first quarter valued at $1,054,000. GAMMA Investing LLC lifted its position in Winnebago Industries by 9,187.9% during the first quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company's stock valued at $819,000 after purchasing an additional 23,521 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Winnebago Industries by 26.3% during the first quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock valued at $249,000 after purchasing an additional 1,503 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Winnebago Industries during the first quarter valued at $254,000. Finally, Parallel Advisors LLC raised its holdings in Winnebago Industries by 629.2% during the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after acquiring an additional 711 shares during the period.

Winnebago Industries Price Performance

WGO stock traded up $0.25 during trading on Thursday, hitting $30.79. The stock had a trading volume of 634,871 shares, compared to its average volume of 631,390. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. Winnebago Industries, Inc. has a twelve month low of $28.00 and a twelve month high of $65.65. The stock has a market capitalization of $863.07 million, a P/E ratio of -52.19 and a beta of 1.06. The company's 50-day moving average price is $31.43 and its two-hundred day moving average price is $35.30.

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

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.4%. Winnebago Industries's payout ratio is presently -230.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WGO shares. Robert W. Baird decreased their price target on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. KeyCorp reduced their target price on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Citigroup reduced their target price on Winnebago Industries from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a report on Sunday, June 29th. Finally, Truist Financial reduced their target price on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $42.33.

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 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.