Cooke & Bieler LP Has $66.56 Million Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Cooke & Bieler LP cut its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 quarter.

Several other hedge funds have also recently made changes to their positions in WGO. Farther Finance Advisors LLC lifted its stake in Winnebago Industries by 36,000.0% in the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after buying an additional 720 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock worth $28,000 after purchasing an additional 622 shares during the period. Parallel Advisors LLC boosted its position in shares of 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 purchasing an additional 711 shares during the period. Signaturefd LLC purchased a new position in Winnebago Industries in the 1st quarter valued at approximately $31,000. Finally, Sterling Capital Management LLC boosted its position in Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock valued at $43,000 after buying an additional 807 shares during the period.

Winnebago Industries Stock Performance

Shares of NYSE WGO traded up $0.24 during mid-day trading on Thursday, hitting $30.03. The company had a trading volume of 830,106 shares, compared to its average volume of 716,118. 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 business's 50-day simple moving average is $32.79 and its 200-day simple moving average is $37.10. Winnebago Industries, Inc. has a 12 month low of $28.00 and a 12 month high of $65.65. The firm has a market cap of $841.80 million, a P/E ratio of -50.90 and a beta of 1.01.

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. The company had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The company's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.13 earnings per share. As a group, analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were given a $0.34 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 annualized dividend and a yield of 4.53%. Winnebago Industries's dividend payout ratio is currently -230.51%.

Analysts Set New Price Targets

WGO has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research report on Thursday, June 26th. Roth Capital lowered their price objective on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. Robert W. Baird dropped their target price on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. Truist Financial decreased their target price on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Finally, DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a report on Monday, April 14th. Five 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 presently has a consensus rating of "Moderate Buy" and an average 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.