Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Legato Capital Management LLC

Key Points

• Legato Capital Management LLC reduced its stake in Winnebago Industries by 59.6%, now holding only 9,765 shares worth $337,000.
• Winnebago Industries recently reported earnings of $0.81 per share, exceeding estimates but showing a 1.4% decline in revenue year-over-year.
• The company also announced a quarterly dividend of $0.34 per share, resulting in an annualized yield of 4.29%, despite a negative dividend payout ratio of -230.51%.

Legato Capital Management LLC lessened its stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 59.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,765 shares of the construction company's stock after selling 14,395 shares during the quarter. Legato Capital Management LLC's holdings in Winnebago Industries were worth $337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Winnebago Industries in the first quarter valued at approximately $1,054,000. GAMMA Investing LLC increased its holdings in shares of Winnebago Industries by 9,187.9% in the first quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company's stock valued at $819,000 after purchasing an additional 23,521 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Winnebago Industries by 26.3% in the first quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock valued at $249,000 after purchasing an additional 1,503 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Winnebago Industries during the first quarter worth $254,000. Finally, Parallel Advisors LLC increased its stake in Winnebago Industries by 629.2% during the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after acquiring an additional 711 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WGO. Roth Capital cut their target price on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Citigroup cut their target price on Winnebago Industries from $37.00 to $33.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Baird R W cut Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird cut their target price on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Finally, KeyCorp cut their target price on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.33.

Winnebago Industries Trading Up 0.8%

Shares of NYSE WGO traded up $0.26 during trading on Friday, reaching $31.68. The stock had a trading volume of 383,224 shares, compared to its average volume of 697,660. Winnebago Industries, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $65.65. The company has a market cap of $887.99 million, a P/E ratio of -53.69 and a beta of 1.01. 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 business's 50-day moving average price is $32.17 and its 200-day moving average price is $36.30.

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 firm had revenue of $775.10 million during the quarter, compared to analysts' expectations of $808.15 million. During the same period in the previous year, the firm posted $1.13 EPS. Winnebago Industries's revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $1.36 annualized dividend and a yield of 4.29%. Winnebago Industries's payout ratio is -230.51%.

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.