New York State Teachers Retirement System Reduces Position in Winnebago Industries, Inc. (NYSE:WGO)

New York State Teachers Retirement System cut its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 21.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,324 shares of the construction company's stock after selling 10,681 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of Winnebago Industries worth $1,321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WGO. Smartleaf Asset Management LLC raised its holdings in shares of Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock worth $25,000 after acquiring an additional 390 shares in the last quarter. Swiss National Bank raised its holdings in shares of Winnebago Industries by 0.7% during the 4th quarter. Swiss National Bank now owns 56,900 shares of the construction company's stock worth $2,719,000 after acquiring an additional 400 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Winnebago Industries by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,084 shares of the construction company's stock worth $768,000 after acquiring an additional 591 shares in the last quarter. Versant Capital Management Inc raised 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 worth $28,000 after acquiring an additional 622 shares in the last quarter. Finally, Signal Advisors Wealth LLC raised its holdings in shares of Winnebago Industries by 3.3% during the 1st quarter. Signal Advisors Wealth LLC now owns 20,356 shares of the construction company's stock worth $702,000 after acquiring an additional 643 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WGO shares. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. BMO Capital Markets cut their price objective on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research report on Thursday, June 26th. Baird R W downgraded Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial dropped their price target on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Finally, KeyCorp dropped their price target on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. 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.com, Winnebago Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

Winnebago Industries Stock Performance

Shares of NYSE WGO traded down $0.07 during trading hours on Friday, reaching $33.34. The stock had a trading volume of 572,612 shares, compared to its average volume of 717,184. The firm has a market cap of $934.63 million, a price-to-earnings ratio of -56.52 and a beta of 1.01. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44. Winnebago Industries, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $65.65. The firm has a 50-day moving average of $32.95 and a 200-day moving average of $37.55.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $775.10 million during the quarter, compared to the consensus estimate 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 business posted $1.13 EPS. Equities research analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Wednesday, June 11th. Winnebago Industries's dividend payout ratio (DPR) 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.