FORA Capital LLC Acquires Shares of 11,352 Winnebago Industries, Inc. $WGO

Key Points

• FORA Capital LLC has invested approximately $391,000 in Winnebago Industries by purchasing 11,352 shares during the first quarter of the year.
• Several large investors, including Jump Financial LLC and Quantbot Technologies LP, have significantly increased their holdings in Winnebago Industries, indicating growing institutional interest.
• Winnebago Industries has declared a quarterly dividend of $0.35 per share, which will be paid on September 24th, reflecting a slight increase from the previous dividend of $0.34.

FORA Capital LLC purchased a new stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,352 shares of the construction company's stock, valued at approximately $391,000.

A number of other large investors also recently modified their holdings of the company. Jump Financial LLC lifted its stake in shares of Winnebago Industries by 74.5% in the 1st quarter. Jump Financial LLC now owns 138,875 shares of the construction company's stock valued at $4,786,000 after acquiring an additional 59,275 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Winnebago Industries by 88.1% in the 1st quarter. Quantbot Technologies LP now owns 72,520 shares of the construction company's stock valued at $2,499,000 after acquiring an additional 33,966 shares during the last quarter. Versor Investments LP bought a new position in shares of Winnebago Industries in the 1st quarter valued at $727,000. Fox Run Management L.L.C. bought a new position in shares of Winnebago Industries in the 1st quarter valued at $751,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Winnebago Industries in the 1st quarter valued at $243,000.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Roth Capital reduced their price objective on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Wall Street Zen raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Citigroup boosted their price objective on shares of Winnebago Industries from $33.00 to $36.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Truist Financial reduced their price objective on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Finally, KeyCorp reduced 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. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Winnebago Industries currently has an average rating of "Moderate Buy" and a consensus target price of $42.67.

Winnebago Industries Stock Down 2.2%

WGO stock traded down $0.78 during midday trading on Tuesday, reaching $35.20. 145,794 shares of the company's stock traded hands, compared to its average volume of 747,135. The company has a market cap of $986.66 million, a price-to-earnings ratio of -59.62 and a beta of 1.15. The firm's fifty day moving average price is $32.07 and its 200-day moving average price is $33.72. The company has a quick ratio of 0.89, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. Winnebago Industries, Inc. has a 52 week low of $28.00 and a 52 week high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. During the same quarter in the previous year, the business posted $1.13 EPS. Winnebago Industries's quarterly revenue was down 1.4% on a year-over-year basis. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. As a group, sell-side analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 10th. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.34. Winnebago Industries's payout ratio is -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.