Millennium Management LLC Acquires 8,922 Shares of Winnebago Industries, Inc. $WGO

Key Points

• Millennium Management LLC increased its stake in Winnebago Industries by 1.6% in Q1, acquiring 8,922 additional shares, bringing its total to 580,256 shares worth approximately $20 million.
• Winnebago's quarterly earnings report showed earnings per share (EPS) of $0.81, slightly beating expectations, although revenue was down 1.4% from the previous year.
• The company declared a quarterly dividend of $0.35, increasing from the previous $0.34, resulting in an annualized yield of 4.1% despite a high dividend payout ratio.

Millennium Management LLC lifted its stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 580,256 shares of the construction company's stock after buying an additional 8,922 shares during the period. Millennium Management LLC owned about 2.07% of Winnebago Industries worth $19,996,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WGO. Zweig DiMenna Associates LLC acquired a new stake in Winnebago Industries during the 1st quarter valued at $6,260,000. Two Sigma Investments LP acquired a new stake in Winnebago Industries during the 4th quarter valued at $6,326,000. Nuveen LLC acquired a new stake in Winnebago Industries during the 1st quarter valued at $3,899,000. Janus Henderson Group PLC increased its holdings in Winnebago Industries by 54.8% during the 4th quarter. Janus Henderson Group PLC now owns 281,025 shares of the construction company's stock valued at $13,427,000 after purchasing an additional 99,446 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Winnebago Industries during the 1st quarter valued at $3,231,000.

Winnebago Industries Trading Up 2.3%

Shares of NYSE:WGO traded up $0.76 during midday trading on Thursday, hitting $33.76. The company had a trading volume of 565,245 shares, compared to its average volume of 450,672. Winnebago Industries, Inc. has a 12 month low of $28.00 and a 12 month high of $65.65. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44. The stock has a market cap of $946.29 million, a price-to-earnings ratio of -57.22 and a beta of 1.15. The firm has a fifty day simple moving average of $33.12 and a 200 day simple moving average of $33.17.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (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 business had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. During the same period last year, the company earned $1.13 EPS. The firm's revenue was down 1.4% on a year-over-year basis. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. On average, analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.35 per share. This is a boost from Winnebago Industries's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, September 10th. Winnebago Industries's dividend payout ratio is presently -237.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WGO shares. KeyCorp dropped their price target on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. BMO Capital Markets lowered their target price on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research note on Thursday, June 26th. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Benchmark lowered their target price on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Finally, Roth Capital lowered 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. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.22.

About Winnebago Industries

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.