Millennium Management LLC Purchases 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 raised its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 580,256 shares of the construction company's stock after buying an additional 8,922 shares during the quarter. Millennium Management LLC owned about 2.07% of Winnebago Industries worth $19,996,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock worth $25,000 after buying an additional 720 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Winnebago Industries by 304.9% during the 1st 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 in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after purchasing an additional 711 shares in the last quarter. Signaturefd LLC bought a new position in shares of Winnebago Industries during the 1st quarter valued at about $31,000. Finally, State of Wyoming bought a new position in shares of Winnebago Industries during the 1st quarter valued at about $47,000.

Winnebago Industries Stock Performance

Shares of WGO stock traded down $0.38 during trading on Monday, reaching $33.49. 675,082 shares of the company's stock were exchanged, compared to its average volume of 448,912. 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 stock has a market capitalization of $938.64 million, a PE ratio of -56.76 and a beta of 1.15. Winnebago Industries, Inc. has a twelve month low of $28.00 and a twelve month high of $65.65. The firm's fifty day moving average price is $33.07 and its 200-day moving average price is $33.21.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. The firm had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%.The company's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. As a group, sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 10th. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.34. Winnebago Industries's dividend payout ratio is currently -237.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WGO shares. Citigroup lifted their price objective on Winnebago Industries from $36.00 to $41.00 and gave the company a "buy" rating in a report on Friday. KeyCorp cut their price objective on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a report on Sunday, June 29th. Truist Financial cut their target price on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Finally, Roth Capital cut their target price on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock 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 stock. Based on data from MarketBeat.com, Winnebago Industries has a consensus rating of "Moderate Buy" and an average target price of $43.22.

Winnebago Industries Company 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.