Fox Run Management L.L.C. Buys Shares of 21,786 Winnebago Industries, Inc. $WGO

Key Points

• Fox Run Management L.L.C. acquired a new stake in Winnebago Industries, Inc. by purchasing 21,786 shares, valued at approximately $751,000, during the first quarter.
• Winnebago recently reported quarterly earnings with an EPS of $0.81, slightly beating analyst expectations, although revenue was down compared to the previous year.
• The company's dividend has increased to $0.35 per share, representing a 4.1% yield, with the next payment scheduled for September 24th.

Fox Run Management L.L.C. bought a new stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,786 shares of the construction company's stock, valued at approximately $751,000. Fox Run Management L.L.C. owned 0.08% of Winnebago Industries as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Winnebago Industries by 40.6% in the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock valued at $78,540,000 after buying an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company's stock valued at $15,369,000 after acquiring an additional 305,818 shares during the period. Barclays PLC boosted its stake in shares of Winnebago Industries by 494.5% in the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company's stock valued at $14,081,000 after purchasing an additional 245,131 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in shares of Winnebago Industries in the 1st quarter valued at $6,260,000. Finally, Two Sigma Investments LP bought a new stake in shares of Winnebago Industries in the 4th quarter worth about $6,326,000.

Winnebago Industries Trading Up 7.3%

Winnebago Industries stock traded up $2.4770 during mid-day trading on Friday, hitting $36.2670. The stock had a trading volume of 259,661 shares, compared to its average volume of 760,780. The stock has a 50-day simple moving average of $31.41 and a two-hundred day simple moving average of $34.32. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.02 billion, a PE ratio of -61.57 and a beta of 1.06. Winnebago Industries, Inc. has a 12 month low of $28.00 and a 12 month high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (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 company had revenue of $775.10 million for the quarter, compared to the consensus estimate of $808.15 million. During the same period in the prior year, the company posted $1.13 EPS. The company's revenue was down 1.4% compared to the same quarter last year. 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 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.35 dividend. This is a boost from Winnebago Industries's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, September 10th. Winnebago Industries's dividend payout ratio is currently -230.51%.

Wall Street Analysts Forecast Growth

WGO has been the subject of several analyst reports. Roth Capital cut their price target on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. KeyCorp cut their target price 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. Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Benchmark dropped their price target on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a report on Monday, June 30th. Finally, Truist Financial reduced their price objective on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Winnebago Industries currently has a consensus rating of "Moderate Buy" and an average target price of $42.67.

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.