Polar Asset Management Partners Inc. Makes New Investment in Winnebago Industries, Inc. $WGO

Key Points

• Polar Asset Management Partners Inc. acquired a new position in Winnebago Industries by purchasing 95,300 shares valued at approximately $3.28 million, marking a 0.34% ownership in the company.
• Winnebago Industries has recently increased its quarterly dividend to $0.35, reflecting a boost from the previous $0.34, resulting in an annualized dividend of $1.40 with a yield of 3.8%.
• The company's latest earnings report indicated a slight revenue decline of 1.4% year-over-year, with earnings per share of $0.81, which surpassed analyst estimates, while providing guidance of 1.200-1.700 EPS for FY 2025.

Polar Asset Management Partners Inc. acquired 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 filing with the Securities & Exchange Commission. The firm acquired 95,300 shares of the construction company's stock, valued at approximately $3,284,000. Polar Asset Management Partners Inc. owned 0.34% of Winnebago Industries at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Winnebago Industries by 36,000.0% during the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after acquiring an additional 720 shares during the period. Parallel Advisors LLC increased its stake in shares of 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. Versant Capital Management Inc increased its stake in shares of Winnebago Industries by 304.9% during the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after acquiring an additional 622 shares during the period. Signaturefd LLC acquired a new position in shares of Winnebago Industries during the first quarter valued at approximately $31,000. Finally, State of Wyoming acquired a new position in shares of Winnebago Industries during the first quarter valued at approximately $47,000.

Winnebago Industries Trading Down 0.9%

NYSE WGO traded down $0.34 on Monday, hitting $36.45. 502,329 shares of the stock were exchanged, compared to its average volume of 456,775. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $65.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -61.78 and a beta of 1.15. The company's 50-day moving average price is $32.74 and its two-hundred day moving average price is $33.47.

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 for the quarter, topping the consensus estimate 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 firm 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 company posted $1.13 EPS. The company's quarterly revenue was down 1.4% compared to the same quarter last year. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. Research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, September 10th. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.34. Winnebago Industries's dividend payout ratio is presently -237.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WGO. KeyCorp lowered their price objective on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research report on Thursday, June 26th. Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Benchmark decreased their price target on shares of Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. Finally, Roth Capital decreased their price target on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.67.

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.