Kovitz Investment Group Partners LLC Takes 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 stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,040 shares of the construction company's stock, valued at approximately $243,000.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted 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 acquiring an additional 720 shares during the period. Versant Capital Management Inc lifted its stake 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 buying an additional 622 shares during the period. Parallel Advisors LLC lifted its stake 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 buying an additional 711 shares during the period. Signaturefd LLC acquired a new position in Winnebago Industries in the first quarter valued at about $31,000. Finally, Sterling Capital Management LLC lifted its stake in Winnebago Industries by 823.5% in 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.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WGO shares. Robert W. Baird cut 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. KeyCorp dropped their price target 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. BMO Capital Markets dropped their price target on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research report on Thursday, June 26th. Citigroup increased their price objective on Winnebago Industries from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Winnebago Industries has a consensus rating of "Moderate Buy" and an average price target of $42.67.

Winnebago Industries Stock Performance

NYSE:WGO traded down $1.12 during mid-day trading on Thursday, hitting $35.36. 26,344 shares of the stock were exchanged, compared to its average volume of 751,704. The stock has a market capitalization of $991.00 million, a price-to-earnings ratio of -59.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 2.41. The firm's 50-day simple moving average is $31.79 and its 200 day simple moving average is $34.07. Winnebago Industries, Inc. has a fifty-two week low of $28.00 and a fifty-two 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 for the quarter, beating the consensus estimate of $0.79 by $0.02. The firm had revenue of $775.10 million during the quarter, compared to analysts' expectations of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%.The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. As a group, equities analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS 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. Shareholders of record on Wednesday, September 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.40 annualized dividend and a yield of 4.0%. This is a boost from Winnebago Industries's previous quarterly dividend of $0.34. Winnebago Industries's payout ratio is presently -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.