Northern Trust Corp Cuts Stock Position in Winnebago Industries, Inc. $WGO

Key Points

• Northern Trust Corp has reduced its holdings in Winnebago Industries by 2.9%, now owning 335,050 shares worth approximately $11.5 million.
• Winnebago Industries has announced a quarterly dividend increase to $0.35 per share, reflecting an annualized yield of 3.8%.
• The company's recent quarterly earnings beat expectations with $0.81 EPS, although revenue fell short of forecasts at $775.10 million.

Northern Trust Corp decreased its holdings in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 335,050 shares of the construction company's stock after selling 10,176 shares during the quarter. Northern Trust Corp owned approximately 1.20% of Winnebago Industries worth $11,546,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Winnebago Industries by 11.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 698,647 shares of the construction company's stock worth $24,075,000 after purchasing an additional 73,099 shares during the last quarter. Millennium Management LLC boosted its position in Winnebago Industries by 20.0% during the fourth quarter. Millennium Management LLC now owns 571,334 shares of the construction company's stock valued at $27,298,000 after acquiring an additional 95,113 shares during the last quarter. BNP Paribas Financial Markets boosted its position in 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 valued at $15,369,000 after acquiring an additional 305,818 shares during the last quarter. Janus Henderson Group PLC boosted its position in Winnebago Industries by 54.8% during the fourth quarter. Janus Henderson Group PLC now owns 281,025 shares of the construction company's stock valued at $13,427,000 after acquiring an additional 99,446 shares during the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in Winnebago Industries during the first quarter valued at $6,260,000.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup upped their price target 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. Roth Capital cut their price target 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. Benchmark cut their price target 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. Wall Street Zen raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, KeyCorp cut their price target on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report 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 MarketBeat, Winnebago Industries currently has a consensus rating of "Moderate Buy" and an average price target of $42.67.

Winnebago Industries Stock Down 0.9%

NYSE WGO traded down $0.34 during trading hours on Monday, hitting $36.45. The company's stock had a trading volume of 502,329 shares, compared to its average volume of 740,388. Winnebago Industries, Inc. has a 52 week low of $28.00 and a 52 week high of $65.65. The company has a market capitalization of $1.02 billion, a PE ratio of -61.78 and a beta of 1.15. 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 company's 50-day simple moving average is $32.59 and its two-hundred day simple moving average is $33.51.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results 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. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The business had revenue of $775.10 million for the quarter, compared to analysts' expectations of $808.15 million. During the same quarter last year, the firm earned $1.13 EPS. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. Research analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a $0.35 dividend. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, September 10th. This represents a $1.40 annualized dividend and a yield of 3.8%. Winnebago Industries's dividend payout ratio (DPR) is -230.51%.

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.