Deprince Race & Zollo Inc. Decreases Stock Holdings in Winnebago Industries, Inc. $WGO

Key Points

• Deprince Race & Zollo Inc. cut its stake in Winnebago Industries (NYSE:WGO) by 34.6% in Q4, selling 75,710 shares and leaving 143,148 shares worth about $5.8 million (≈0.51% of the company).
• Winnebago beat recent quarterly expectations, reporting $0.27 EPS versus $0.25 expected and revenue of $657.4 million (up 6% year-over-year), with analysts forecasting roughly 3.41 EPS for the fiscal year.
• The company declared a quarterly dividend of $0.35 (annualized $1.40) for a 4.3% yield, while analysts hold a consensus "Hold" rating with an average price target of $42.30.

Deprince Race & Zollo Inc. decreased its position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 34.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,148 shares of the RV manufacturer's stock after selling 75,710 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.51% of Winnebago Industries worth $5,800,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of WGO. Maple Rock Capital Partners Inc. increased its position in shares of Winnebago Industries by 111.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer's stock valued at $22,746,000 after acquiring an additional 358,100 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Winnebago Industries in the third quarter valued at about $9,785,000. Royce & Associates LP purchased a new position in shares of Winnebago Industries in the third quarter valued at about $6,838,000. UBS Group AG increased its position in shares of Winnebago Industries by 75.8% in the third quarter. UBS Group AG now owns 417,015 shares of the RV manufacturer's stock valued at $13,945,000 after acquiring an additional 179,853 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Winnebago Industries by 142.3% in the second quarter. Marshall Wace LLP now owns 233,505 shares of the RV manufacturer's stock valued at $6,772,000 after acquiring an additional 137,120 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WGO. Benchmark boosted their price objective on shares of Winnebago Industries from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, December 23rd. Robert W. Baird reduced their price target on shares of Winnebago Industries from $48.00 to $42.00 and set a "neutral" rating on the stock in a research report on Thursday, March 26th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Winnebago Industries in a research report on Monday, December 29th. Roth Mkm boosted their price target on shares of Winnebago Industries from $36.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, December 22nd. Finally, Griffin Securities set a $40.00 price target on shares of Winnebago Industries in a research report on Tuesday, December 23rd. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Winnebago Industries currently has a consensus rating of "Hold" and an average price target of $42.30.

Winnebago Industries Price Performance

WGO stock opened at $32.63 on Tuesday. The firm has a 50 day moving average price of $38.36 and a 200-day moving average price of $38.56. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $50.16. The firm has a market capitalization of $922.31 million, a price-to-earnings ratio of 22.19 and a beta of 1.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The firm had revenue of $657.40 million during the quarter, compared to analyst estimates of $628.00 million. During the same period last year, the business earned $0.19 earnings per share. The business's revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, April 15th. Winnebago Industries's dividend payout ratio (DPR) is presently 95.24%.

Winnebago Industries Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.

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