GSA Capital Partners LLP Boosts Position in Winnebago Industries, Inc. (NYSE:WGO)

Key Points

• GSA Capital Partners LLP significantly increased its stake in Winnebago Industries by 212.4%, acquiring 13,240 shares, raising their total holdings to 19,474 shares valued at $671,000.
• Several other institutional investors, including Vanguard Group and Norges Bank, also made notable investments in Winnebago during the fourth quarter, suggesting increased interest in the company.
• Winnebago announced a quarterly dividend of $0.34, providing an annualized yield of 4.7%, despite having a negative net margin of -0.62% for the recent quarter.

GSA Capital Partners LLP grew its position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 212.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,474 shares of the construction company's stock after purchasing an additional 13,240 shares during the period. GSA Capital Partners LLP owned approximately 0.07% of Winnebago Industries worth $671,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in Winnebago Industries during the fourth quarter valued at $311,000. LPL Financial LLC raised its position in shares of Winnebago Industries by 6.2% in the fourth quarter. LPL Financial LLC now owns 17,733 shares of the construction company's stock valued at $847,000 after purchasing an additional 1,038 shares during the period. Vanguard Group Inc. boosted its holdings in Winnebago Industries by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock valued at $104,250,000 after acquiring an additional 48,517 shares during the period. Norges Bank acquired a new position in shares of Winnebago Industries during the fourth quarter worth approximately $2,890,000. Finally, Pictet Asset Management Holding SA acquired a new stake in Winnebago Industries in the 4th quarter worth $217,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WGO. KeyCorp decreased their target price on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Citigroup cut their price target on Winnebago Industries from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Benchmark decreased their price objective on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a report on Monday, June 30th. DA Davidson upgraded Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Finally, Roth Capital cut 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 report on Thursday, June 26th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Winnebago Industries has a consensus rating of "Moderate Buy" and a consensus price target of $42.33.

Winnebago Industries Trading Up 3.3%

Shares of WGO traded up $0.96 during mid-day trading on Monday, reaching $29.80. 536,125 shares of the company were exchanged, compared to its average volume of 664,722. The stock has a market capitalization of $835.15 million, a PE ratio of -50.50 and a beta of 1.06. The business has a 50 day simple moving average of $31.64 and a two-hundred day simple moving average of $35.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 2.41. 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 data 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. The company had revenue of $775.10 million for the quarter, compared to the consensus estimate of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The firm's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS. On average, analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.6%. 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.