Cooke & Bieler LP Sells 35,871 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Cooke & Bieler LP trimmed its stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 1.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,931,424 shares of the construction company's stock after selling 35,871 shares during the period. Cooke & Bieler LP owned 6.89% of Winnebago Industries worth $66,557,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Winnebago Industries in the 1st quarter valued at approximately $1,054,000. GAMMA Investing LLC increased its position in Winnebago Industries by 9,187.9% in the 1st quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company's stock worth $819,000 after buying an additional 23,521 shares during the period. Exchange Traded Concepts LLC increased its position in Winnebago Industries by 26.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock worth $249,000 after buying an additional 1,503 shares during the period. Parallel Advisors LLC increased its position in Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after buying an additional 711 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Winnebago Industries in the 4th quarter worth approximately $1,003,000.

Wall Street Analyst Weigh In

WGO has been the topic of several recent analyst reports. DA Davidson raised Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. 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 research note on Thursday, June 26th. Roth Capital decreased their price target on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. BMO Capital Markets decreased their price target on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research note on Thursday, June 26th. Finally, KeyCorp decreased their price target on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $42.33.

Winnebago Industries Price Performance

Winnebago Industries stock traded down $0.39 on Friday, reaching $29.63. The company's stock had a trading volume of 703,751 shares, compared to its average volume of 717,193. 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 company has a market cap of $830.53 million, a price-to-earnings ratio of -50.22 and a beta of 1.01. The business's fifty day moving average price is $32.70 and its 200 day moving average price is $36.82. Winnebago Industries, Inc. has a twelve month low of $28.00 and a twelve month 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 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The company had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The business's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Equities analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend was Wednesday, June 11th. Winnebago Industries's dividend payout ratio (DPR) is presently -230.51%.

About Winnebago Industries

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.