Man Group plc Buys Shares of 79,213 Winnebago Industries, Inc. $WGO

Key Points

• Man Group plc initiated a position in Winnebago Industries by purchasing 79,213 shares valued at approximately $2.48 million, representing about 0.28% of the company.
• Winnebago reported a weak quarter, with EPS of $0.66 versus $0.76 expected and revenue of $698.7 million versus $755.7 million estimated; revenue declined 9.9% year over year.
• Analysts maintain a broadly cautious view, with a consensus “Hold” rating and $36.33 price target. The company increased its quarterly dividend to $0.36, implying a 4.8% annual yield.

Man Group plc purchased a new position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 79,213 shares of the RV manufacturer's stock, valued at approximately $2,475,000. Man Group plc owned approximately 0.28% of Winnebago Industries at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Winnebago Industries by 90.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer's stock valued at $26,000 after buying an additional 364 shares in the last quarter. Allworth Financial LP bought a new position in Winnebago Industries in the second quarter valued at $33,000. Clearstead Advisors LLC purchased a new stake in Winnebago Industries during the fourth quarter valued at about $35,000. Hantz Financial Services Inc. raised its position in Winnebago Industries by 36.2% during the fourth quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer's stock valued at $66,000 after purchasing an additional 435 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Winnebago Industries by 15.9% during the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer's stock worth $75,000 after purchasing an additional 309 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Griffin Securities set a $35.00 price objective on Winnebago Industries in a research report on Monday, June 15th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Winnebago Industries in a research report on Friday, August 7th. Northcoast Research downgraded shares of Winnebago Industries from a "buy" rating to a "neutral" rating in a research note on Monday, June 1st. KeyCorp restated a "sector weight" rating on shares of Winnebago Industries in a report on Friday, June 26th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $35.00 price objective on shares of Winnebago Industries in a research note on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Winnebago Industries presently has an average rating of "Hold" and a consensus target price of $36.33.

Winnebago Industries Trading Down 1.7%

NYSE:WGO opened at $30.07 on Tuesday. The company has a 50-day moving average price of $30.97 and a 200-day moving average price of $32.59. The stock has a market cap of $850.08 million, a price-to-earnings ratio of 22.11 and a beta of 1.11. The company has a current ratio of 2.37, a quick ratio of 0.92 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.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.10). Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The company had revenue of $698.70 million during the quarter, compared to the consensus estimate of $755.67 million. During the same period in the previous year, the company earned $0.81 earnings per share. Winnebago Industries's quarterly revenue was down 9.9% on a year-over-year basis. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Equities 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. Stockholders 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 dividend yield of 4.8%. The ex-dividend date is Wednesday, September 9th. This is a boost from Winnebago Industries's previous quarterly dividend of $0.35. Winnebago Industries's dividend payout ratio (DPR) is 102.94%.

Insider Buying and Selling

In related news, CEO Michael J. Happe sold 12,045 shares of the company's stock in a transaction on 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 represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 2,414 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.66, for a total value of $78,841.24. Following the completion of the transaction, the senior vice president owned 31,274 shares of the company's stock, valued at approximately $1,021,408.84. This trade represents a 7.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 15,694 shares of company stock valued at $511,658. 4.88% of the stock is currently owned by company insiders.

Winnebago Industries 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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