Freestone Grove Partners LP Takes Position in Winnebago Industries, Inc. $WGO

Key Points

• Freestone Grove Partners LP acquired 64,671 Winnebago shares worth approximately $2.02 million, giving it a 0.23% stake. Several other institutional investors also increased or initiated positions.
• Winnebago reported weaker-than-expected quarterly results, with EPS of $0.66 versus $0.76 expected and revenue down 9.9% year over year to $698.7 million. Shares were recently trading near $30.66, well below the 12-month high of $50.16.
• The company raised its quarterly dividend to $0.36, implying a 4.7% annualized yield, while analysts maintained a consensus “Hold” rating with a $36.33 price target. Company insiders sold 15,694 shares worth about $511,658 during the latest quarter.

Freestone Grove Partners LP bought a new position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 64,671 shares of the RV manufacturer's stock, valued at approximately $2,020,000. Freestone Grove Partners LP owned 0.23% of Winnebago Industries at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. UBS Group AG boosted its position in Winnebago Industries by 224.7% in the 4th quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer's stock worth $54,870,000 after purchasing an additional 937,140 shares in the last quarter. Legato Capital Management LLC increased its holdings in shares of Winnebago Industries by 162.3% during the 4th quarter. Legato Capital Management LLC now owns 56,108 shares of the RV manufacturer's stock valued at $2,273,000 after purchasing an additional 34,719 shares in the last quarter. De Lisle Partners LLP increased its holdings in shares of Winnebago Industries by 938.3% during the 4th quarter. De Lisle Partners LLP now owns 152,411 shares of the RV manufacturer's stock valued at $6,183,000 after purchasing an additional 137,732 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Winnebago Industries in the 4th quarter valued at $5,255,000. Finally, Prescott Group Capital Management L.L.C. acquired a new position in shares of Winnebago Industries in the 4th quarter valued at $810,000.

Winnebago Industries Trading Up 1.0%

Shares of WGO opened at $30.66 on Friday. The company has a current ratio of 2.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. Winnebago Industries, Inc. has a 12-month low of $26.80 and a 12-month high of $50.16. The firm has a 50-day moving average price of $30.94 and a 200 day moving average price of $32.82. The firm has a market capitalization of $866.76 million, a P/E ratio of 22.54 and a beta of 1.11.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.10). The business had revenue of $698.70 million for the quarter, compared to analyst estimates of $755.67 million. Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.Winnebago Industries's revenue was down 9.9% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Sell-side analysts forecast that Winnebago Industries, Inc. will post 1.81 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.44 dividend on an annualized basis and a yield of 4.7%. This is an increase from Winnebago Industries's previous quarterly dividend of $0.35. Winnebago Industries's dividend payout ratio is 102.94%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WGO shares. Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Citigroup boosted their price target on shares of Winnebago Industries from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Truist Financial decreased their price objective on shares of Winnebago Industries from $43.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, July 8th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Winnebago Industries in a research report on Friday, August 7th. Finally, Seaport Research Partners initiated coverage on shares of Winnebago Industries in a research report on Monday, July 27th. They issued a "neutral" rating on the stock. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Winnebago Industries presently has a consensus rating of "Hold" and a consensus price target of $36.33.

Insider Activity

In other Winnebago Industries news, CEO Michael J. Happe sold 12,045 shares of Winnebago Industries stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the sale, the chief executive officer directly owned 349,349 shares of the company's stock, valued at $11,416,725.32. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 2,414 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.66, for a total value of $78,841.24. Following the sale, the senior vice president owned 31,274 shares of the company's stock, valued at approximately $1,021,408.84. The trade was a 7.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,694 shares of company stock valued at $511,658 in the last quarter. Company insiders own 4.88% of the company's stock.

About Winnebago Industries

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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