NFJ Investment Group LLC Has $5.66 Million Stock Holdings in Winnebago Industries, Inc. $WGO

Key Points

• NFJ Investment Group LLC has significantly increased its stake in Winnebago Industries, acquiring an additional 108,715 shares and bringing its total holdings to approximately 164,188 shares, valued at around $5.7 million.
• Winnebago Industries recently announced a quarterly dividend increase to $0.35 per share, up from the previous $0.34, indicating a commitment to returning value to shareholders.
• Analysts have mixed opinions on Winnebago Industries, with ratings ranging from "Buy" to "Hold," and a consensus price target of $42.67, reflecting differing outlooks on the company's future performance.

NFJ Investment Group LLC lifted its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 196.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,188 shares of the construction company's stock after purchasing an additional 108,715 shares during the quarter. NFJ Investment Group LLC owned 0.59% of Winnebago Industries worth $5,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WGO. Price T Rowe Associates Inc. MD boosted its position in shares of Winnebago Industries by 8.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,576 shares of the construction company's stock worth $1,223,000 after purchasing an additional 2,054 shares in the last quarter. Northern Trust Corp boosted its position in shares of Winnebago Industries by 11.3% during the fourth quarter. Northern Trust Corp now owns 345,226 shares of the construction company's stock worth $16,495,000 after purchasing an additional 35,177 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company's stock worth $15,369,000 after purchasing an additional 305,818 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Winnebago Industries by 50.4% during the fourth quarter. Deutsche Bank AG now owns 25,029 shares of the construction company's stock worth $1,196,000 after purchasing an additional 8,390 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new stake in Winnebago Industries in the 4th quarter valued at $247,000.

Wall Street Analyst Weigh In

Several research firms recently commented on WGO. Citigroup boosted their price objective on shares of Winnebago Industries from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Wall Street Zen raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Benchmark cut 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 report on Monday, June 30th. Roth Capital cut their price objective on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Finally, Robert W. Baird cut their price objective on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.67.

Winnebago Industries Stock Down 0.9%

Shares of NYSE WGO traded down $0.34 during mid-day trading on Monday, hitting $36.45. The company had a trading volume of 502,329 shares, compared to its average volume of 456,775. The company has a market capitalization of $1.02 billion, a PE ratio of -61.78 and a beta of 1.15. The firm has a 50-day simple moving average of $32.74 and a two-hundred day simple moving average of $33.47. 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 one year low of $28.00 and a one year high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.02. The company had revenue of $775.10 million during the quarter, compared to analysts' expectations of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%.Winnebago Industries's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 EPS. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. On average, equities analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.8%. 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 -237.29%.

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.