Jump Financial LLC Grows Stock Position in 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 holdings in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 74.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of WGO. Farther Finance Advisors LLC grew its position in Winnebago Industries by 36,000.0% in the 1st 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 last quarter. Versant Capital Management Inc grew its position in Winnebago Industries by 304.9% in the 1st 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 last quarter. Parallel Advisors LLC grew its position in Winnebago Industries by 629.2% in the 1st 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 last quarter. Signaturefd LLC bought a new position in Winnebago Industries in the 1st quarter valued at $31,000. Finally, Allworth Financial LP grew its position in Winnebago Industries by 61.5% in the 1st quarter. Allworth Financial LP now owns 1,663 shares of the construction company's stock valued at $55,000 after acquiring an additional 633 shares during the last quarter.

Analysts Set New Price Targets

WGO has been the topic of several research analyst reports. KeyCorp cut their price objective on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Roth Capital cut their price objective on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Truist Financial dropped their price target on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Finally, Benchmark dropped their price target on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.67.

Winnebago Industries Stock Up 0.5%

WGO stock traded up $0.19 during trading on Friday, reaching $36.00. 305,422 shares of the company traded hands, compared to its average volume of 521,006. Winnebago Industries, Inc. has a 12 month low of $28.00 and a 12 month high of $65.65. The business has a 50 day simple moving average of $31.97 and a 200 day simple moving average of $33.79. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -61.01 and a beta of 1.15. 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 (NYSE:WGO - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $775.10 million for the quarter, compared to the consensus estimate of $808.15 million. During the same quarter last year, the company earned $1.13 earnings per share. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. On average, equities research analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 10th. 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 yield of 3.9%. Winnebago Industries's dividend payout ratio is -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.