LSV Asset Management Decreases Position in Winnebago Industries, Inc. (NYSE:WGO)

Key Points

• LSV Asset Management cut its stake in Winnebago Industries by 49.2% during the first quarter, selling 376,800 shares and holding approximately 1.39% of the company.
• Analysts have lowered their target prices for Winnebago Industries, with Roth Capital reducing it from $37.00 to $30.00, while the consensus price target is now $42.33.
• Winnebago Industries announced a quarterly dividend of $0.34 per share, resulting in an annualized yield of 4.5%, despite a negative payout ratio of -230.51%.

LSV Asset Management cut its stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 49.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,815 shares of the construction company's stock after selling 376,800 shares during the period. LSV Asset Management owned 1.39% of Winnebago Industries worth $13,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Winnebago Industries by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,084 shares of the construction company's stock worth $768,000 after purchasing an additional 591 shares during the period. Versant Capital Management Inc raised its holdings 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 purchasing an additional 622 shares during the period. Allworth Financial LP boosted its position in shares of Winnebago Industries by 61.5% during the 1st quarter. Allworth Financial LP now owns 1,663 shares of the construction company's stock worth $55,000 after purchasing an additional 633 shares in the last quarter. Signal Advisors Wealth LLC grew its stake in shares of Winnebago Industries by 3.3% in the 1st quarter. Signal Advisors Wealth LLC now owns 20,356 shares of the construction company's stock valued at $702,000 after buying an additional 643 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of 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 buying an additional 711 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WGO shares. Robert W. Baird dropped their price target 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. DA Davidson raised Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. Wall Street Zen raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. KeyCorp lowered their price objective on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Finally, Benchmark dropped their price objective on shares of Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $42.33.

Winnebago Industries Stock Down 0.6%

NYSE WGO traded down $0.20 on Friday, reaching $30.63. The company had a trading volume of 227,703 shares, compared to its average volume of 772,812. The company has a quick ratio of 0.89, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The company's fifty day moving average is $31.43 and its 200 day moving average is $35.30. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $65.65. The stock has a market capitalization of $858.45 million, a P/E ratio of -51.76 and a beta of 1.06.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results 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 negative net margin of 0.62% and a positive return on equity of 2.86%. The company had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. During the same period last year, the firm earned $1.13 earnings per share. The firm's revenue was down 1.4% on a year-over-year basis. Sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $1.36 annualized dividend and a yield of 4.4%. Winnebago Industries's payout ratio is currently -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.