Fox Run Management L.L.C. Takes $751,000 Position in 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 shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the 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 approximately 0.08% of Winnebago Industries at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC acquired a new stake in shares of Winnebago Industries in the 1st quarter valued at about $243,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Winnebago Industries by 255.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,112 shares of the construction company's stock worth $107,000 after acquiring an additional 2,237 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Winnebago Industries by 54.6% in the 1st quarter. Russell Investments Group Ltd. now owns 88,399 shares of the construction company's stock worth $3,046,000 after acquiring an additional 31,228 shares during the period. Public Sector Pension Investment Board lifted its stake in Winnebago Industries by 25.0% during the first quarter. Public Sector Pension Investment Board now owns 90,069 shares of the construction company's stock valued at $3,104,000 after purchasing an additional 18,038 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Winnebago Industries during the first quarter valued at approximately $3,899,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on WGO shares. Roth Capital reduced their price target on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Truist Financial decreased their price objective on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, June 26th. KeyCorp decreased their price target on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Citigroup raised their price target on shares of Winnebago Industries from $33.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Finally, BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a report on Thursday, June 26th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.67.

Winnebago Industries Stock Performance

NYSE WGO traded up $1.1870 on Tuesday, hitting $35.4070. 743,600 shares of the stock were exchanged, compared to its average volume of 579,351. 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 fifty day moving average is $31.37 and its 200 day moving average is $34.41. Winnebago Industries, Inc. has a 52 week low of $28.00 and a 52 week high of $65.65. The company has a market capitalization of $992.46 million, a PE ratio of -60.01 and a beta of 1.06.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $775.10 million for the quarter, compared to the consensus estimate of $808.15 million. During the same period in the previous year, the company earned $1.13 earnings per share. The company'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. Research analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Winnebago Industries's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, September 10th. Winnebago Industries's dividend payout ratio (DPR) is currently -230.51%.

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.