Landscape Capital Management L.L.C. Buys New Stake in Winnebago Industries, Inc. $WGO

Key Points

• Landscape Capital Management acquired 32,561 Winnebago shares worth approximately $1.02 million, representing a 0.12% stake. Several other institutional investors also increased or initiated positions.
• Winnebago’s latest quarter fell short of expectations, with earnings per share of $0.66 versus $0.76 expected and revenue down 9.9% year over year to $698.7 million. Analysts maintain a consensus “Hold” rating with an average price target of $36.33.
• The company raised its quarterly dividend to $0.36 per share, or $1.44 annually, implying a 4.5% yield; however, its payout ratio is elevated at 102.94%.

Landscape Capital Management L.L.C. purchased a new position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 32,561 shares of the RV manufacturer's stock, valued at approximately $1,017,000. Landscape Capital Management L.L.C. owned 0.12% of Winnebago Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Winnebago Industries by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,990,237 shares of the RV manufacturer's stock valued at $80,644,000 after purchasing an additional 15,114 shares during the period. Pzena Investment Management LLC acquired a new stake in Winnebago Industries in the second quarter worth about $53,406,000. Dimensional Fund Advisors LP lifted its holdings in Winnebago Industries by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer's stock worth $48,968,000 after purchasing an additional 129,228 shares during the period. UBS Group AG grew its position in Winnebago Industries by 224.7% in the 4th quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer's stock valued at $54,870,000 after buying an additional 937,140 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Winnebago Industries by 8.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 889,184 shares of the RV manufacturer's stock valued at $36,030,000 after buying an additional 72,478 shares in the last quarter.

Winnebago Industries Trading Down 0.0%

Shares of NYSE WGO opened at $31.77 on Monday. The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36. Winnebago Industries, Inc. has a 12 month low of $26.80 and a 12 month high of $50.16. The company has a market cap of $898.14 million, a price-to-earnings ratio of 23.36 and a beta of 1.11. The business has a fifty day simple moving average of $30.70 and a 200-day simple moving average of $33.33.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.10). Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The firm had revenue of $698.70 million for the quarter, compared to analysts' expectations of $755.67 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The company's revenue for the quarter was down 9.9% on a year-over-year basis. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Sell-side analysts predict that Winnebago Industries, Inc. will post 1.81 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.5%. This is an increase from Winnebago Industries's previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, September 9th. Winnebago Industries's dividend payout ratio is presently 102.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Griffin Securities set a $35.00 price target on shares of Winnebago Industries in a research note on Monday, June 15th. Zacks Research lowered shares of Winnebago Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, June 26th. KeyCorp reissued a "sector weight" rating on shares of Winnebago Industries in a report on Friday, June 26th. Roth Capital cut their target price on Winnebago Industries from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, June 23rd. Finally, Citigroup increased their price target on Winnebago Industries from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, June 29th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $36.33.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 2,414 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.66, for a total value of $78,841.24. Following the transaction, the senior vice president directly owned 31,274 shares of the company's stock, valued at $1,021,408.84. This represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael J. Happe sold 12,045 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the sale, the chief executive officer directly owned 349,349 shares of the company's stock, valued at $11,416,725.32. This trade represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,694 shares of company stock worth $511,658 in the last 90 days. Corporate insiders own 4.88% of the company's stock.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.

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