Jump Financial LLC Buys 59,275 Shares of Winnebago Industries, Inc. $WGO

Key Points

• Jump Financial LLC increased its stake in Winnebago Industries by 74.5%, acquiring an additional 59,275 shares during the first quarter, bringing its total holdings to 138,875 shares, valued at approximately $4.8 million.
• Multiple analysts have adjusted their price targets for Winnebago Industries, with a consensus average price target of $42.67 and ratings showing six "Buy" and four "Hold" recommendations.
• Winnebago Industries announced a quarterly dividend increase, raising it from $0.34 to $0.35, representing an annualized yield of 3.8%, with the ex-dividend date set for September 10th.

Jump Financial LLC raised its position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 74.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 138,875 shares of the construction company's stock after acquiring an additional 59,275 shares during the quarter. Jump Financial LLC owned approximately 0.50% of Winnebago Industries worth $4,786,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Winnebago Industries by 36,000.0% in the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after acquiring an additional 720 shares during the period. Parallel Advisors LLC lifted its holdings in Winnebago Industries by 629.2% in the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after acquiring an additional 711 shares during the period. Versant Capital Management Inc lifted its holdings in Winnebago Industries by 304.9% in the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after acquiring an additional 622 shares during the period. Signaturefd LLC bought a new position in Winnebago Industries in the first quarter valued at about $31,000. Finally, Allworth Financial LP increased its position in Winnebago Industries by 61.5% in the first quarter. Allworth Financial LP now owns 1,663 shares of the construction company's stock worth $55,000 after buying an additional 633 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have commented on WGO shares. Truist Financial reduced their price target on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Citigroup upped their price target 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. Robert W. Baird reduced their price target on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Finally, Benchmark reduced their price target 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 investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $42.67.

Winnebago Industries Price Performance

Winnebago Industries stock traded down $0.65 during midday trading on Thursday, reaching $35.82. 319,492 shares of the stock traded hands, compared to its average volume of 559,675. The stock's fifty day moving average is $31.88 and its 200-day moving average is $34.00. Winnebago Industries, Inc. has a 12 month low of $28.00 and a 12 month high of $65.65. The stock has a market cap of $1.00 billion, a P/E ratio of -60.71 and a beta of 1.06. The company has a quick ratio of 0.89, a current ratio of 2.41 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 EPS 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 company had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. During the same period in the prior year, the company earned $1.13 earnings per share. The firm's 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. As a group, equities research analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 10th. 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%. Winnebago Industries's dividend payout ratio 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.