Kovitz Investment Group Partners LLC Takes $243,000 Position in Winnebago Industries, Inc. $WGO

Key Points

• Kovitz Investment Group Partners LLC acquired a new stake in Winnebago Industries, purchasing 7,040 shares valued at approximately $243,000 during the first quarter.
• Analysts have mixed views on Winnebago Industries, with price targets ranging from $30.00 to $50.00, while the stock currently holds a consensus rating of "Moderate Buy" with an average target price of $42.67.
• Winnebago recently declared a quarterly dividend of $0.35, representing a yield of 3.9%, an increase from the previous $0.34 dividend.

Kovitz Investment Group Partners LLC purchased a new position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,040 shares of the construction company's stock, valued at approximately $243,000.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Winnebago Industries by 36,000.0% during the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after buying an additional 720 shares during the period. Parallel Advisors LLC increased its stake in shares of Winnebago Industries by 629.2% during the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after buying an additional 711 shares during the period. Versant Capital Management Inc increased its stake in shares of Winnebago Industries by 304.9% during the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after buying an additional 622 shares during the period. Sterling Capital Management LLC increased its stake in shares of Winnebago Industries by 823.5% during the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock valued at $43,000 after buying an additional 807 shares during the period. Finally, Signaturefd LLC purchased a new position in shares of Winnebago Industries during the first quarter valued at approximately $31,000.

Winnebago Industries Stock Down 1.8%

Winnebago Industries stock traded down $0.65 during mid-day trading on Thursday, hitting $35.82. The company had a trading volume of 319,492 shares, compared to its average volume of 559,675. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average price is $31.88 and its two-hundred day moving average price is $34.00. Winnebago Industries, Inc. has a 12 month low of $28.00 and a 12 month high of $65.65. The company has a market capitalization of $1.00 billion, a PE ratio of -60.71 and a beta of 1.06.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $808.15 million. During the same period in the previous year, the company posted $1.13 earnings per share. The company'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. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.9%. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, September 10th. Winnebago Industries's dividend payout ratio is presently -230.51%.

Analyst Ratings Changes

WGO has been the topic of several research analyst reports. Robert W. Baird reduced their target price on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Benchmark reduced their target price on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Roth Capital reduced their target price on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. KeyCorp reduced their price target on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Finally, Citigroup upped their price target on Winnebago Industries from $33.00 to $36.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Winnebago Industries currently has a consensus rating of "Moderate Buy" and an average price target of $42.67.

Winnebago Industries 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.