Angeles Wealth Management LLC Buys New Shares in Winnebago Industries, Inc. $WGO

Key Points

• Angeles Wealth Management LLC has acquired a new stake in Winnebago Industries, purchasing 20,803 shares valued at approximately $603,000, representing about 0.07% of the company.
• Winnebago has increased its quarterly dividend from $0.34 to $0.35, resulting in an annualized dividend yield of 4.7%.
• Analysts are divided on Winnebago shares, with six rating it as a Buy, four as Hold, and one as Sell, amid varying price target adjustments.

Angeles Wealth Management LLC purchased a new stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,803 shares of the RV manufacturer's stock, valued at approximately $603,000. Angeles Wealth Management LLC owned about 0.07% of Winnebago Industries at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Winnebago Industries by 36,000.0% in the first quarter. Farther Finance Advisors LLC now owns 722 shares of the RV manufacturer's stock valued at $25,000 after acquiring an additional 720 shares during the last quarter. Signaturefd LLC acquired a new stake in Winnebago Industries in the first quarter valued at $31,000. GAMMA Investing LLC lifted its stake in Winnebago Industries by 62.8% in the second quarter. GAMMA Investing LLC now owns 1,123 shares of the RV manufacturer's stock valued at $33,000 after acquiring an additional 433 shares during the last quarter. State of Wyoming acquired a new stake in Winnebago Industries in the first quarter valued at $47,000. Finally, Allworth Financial LP lifted its stake in Winnebago Industries by 61.5% in the first quarter. Allworth Financial LP now owns 1,663 shares of the RV manufacturer's stock valued at $55,000 after acquiring an additional 633 shares during the last quarter.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock opened at $29.97 on Friday. Winnebago Industries, Inc. has a twelve month low of $28.00 and a twelve month high of $65.65. The company has a quick ratio of 0.89, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $33.80 and a two-hundred day simple moving average of $32.73. The stock has a market capitalization of $839.92 million, a price-to-earnings ratio of -50.79 and a beta of 1.14.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a $0.35 dividend. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, September 10th. This represents a $1.40 annualized dividend and a yield of 4.7%. Winnebago Industries's dividend payout ratio is presently -237.29%.

Analyst Ratings Changes

A number of analysts have commented on WGO shares. KeyCorp cut their price target on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Weiss Ratings restated a "sell (d+)" rating on shares of Winnebago Industries in a research note on Wednesday, October 8th. Citigroup raised their target price on shares of Winnebago Industries from $36.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Robert W. Baird cut their target price on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Finally, Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $40.78.

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.

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