Graham Capital Management L.P. Boosts Stock Position in Winnebago Industries, Inc. $WGO

Key Points

• Graham Capital Management L.P. increased its stake in Winnebago Industries by 306.6% during the first quarter, now holding 21,023 shares valued at approximately $724,000.
• Winnebago Industries reported earnings per share (EPS) of $0.81 for the last quarter, surpassing analysts' expectations, but saw a decrease in revenue compared to the previous year.
• The company announced an increase in its quarterly dividend from $0.34 to $0.35, with a dividend yield of 3.8% and a negative dividend payout ratio of -230.51%.

Graham Capital Management L.P. increased its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 306.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,023 shares of the construction company's stock after purchasing an additional 15,852 shares during the quarter. Graham Capital Management L.P. owned 0.08% of Winnebago Industries worth $724,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WGO. Price T Rowe Associates Inc. MD lifted its holdings in shares of Winnebago Industries by 8.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,576 shares of the construction company's stock worth $1,223,000 after purchasing an additional 2,054 shares during the period. Northern Trust Corp lifted its holdings in shares of Winnebago Industries by 11.3% during the fourth quarter. Northern Trust Corp now owns 345,226 shares of the construction company's stock worth $16,495,000 after purchasing an additional 35,177 shares during the period. 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 worth $15,369,000 after purchasing an additional 305,818 shares during the period. Deutsche Bank AG lifted its holdings in shares of Winnebago Industries by 50.4% during the fourth quarter. Deutsche Bank AG now owns 25,029 shares of the construction company's stock worth $1,196,000 after purchasing an additional 8,390 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Winnebago Industries by 54.8% during the fourth quarter. Janus Henderson Group PLC now owns 281,025 shares of the construction company's stock worth $13,427,000 after purchasing an additional 99,446 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WGO. Citigroup increased their price objective on Winnebago Industries from $33.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Roth Capital cut their price objective on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. BMO Capital Markets cut their price objective on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research report on Thursday, June 26th. Finally, Benchmark cut their price objective on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $42.67.

Winnebago Industries Price Performance

Shares of WGO stock traded up $0.28 during mid-day trading on Friday, reaching $36.77. The stock had a trading volume of 450,225 shares, compared to its average volume of 460,574. Winnebago Industries, Inc. has a 12-month low of $28.00 and a 12-month high of $65.65. The company has a market cap of $1.03 billion, a P/E ratio of -62.32 and a beta of 1.15. The business has a 50-day simple moving average of $32.59 and a 200 day simple moving average of $33.57. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%.The business had revenue of $775.10 million during the quarter, compared to analysts' expectations of $808.15 million. During the same quarter last year, the business posted $1.13 earnings per share. The business's revenue for the quarter was down 1.4% on a year-over-year basis. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. On average, sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a $0.35 dividend. This is an increase from Winnebago Industries's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, September 10th. Winnebago Industries's dividend payout ratio (DPR) 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.