Nuveen LLC Takes Position in Winnebago Industries, Inc. $WGO

Key Points

• Nuveen LLC has acquired over 113,000 shares of Winnebago Industries, Inc. valued at approximately $3.9 million, representing about 0.40% of the company.
• Winnebago Industries recently reported earnings of $0.81 per share, surpassing estimates, but saw a 1.4% decline in revenue year-over-year with quarterly revenue of $775.10 million.
• The company has announced an increase in its quarterly dividend to $0.35, marking a 2.94% rise from the previous amount, with a dividend yield of 3.8%.

Nuveen LLC acquired a new position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 113,143 shares of the construction company's stock, valued at approximately $3,899,000. Nuveen LLC owned about 0.40% of Winnebago Industries as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WGO. BNP Paribas Financial Markets raised its stake in Winnebago Industries by 1,930.2% during the 4th quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company's stock valued at $15,369,000 after buying an additional 305,818 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new position in shares of Winnebago Industries in the 1st quarter worth $6,260,000. Two Sigma Investments LP bought a new stake in shares of Winnebago Industries in the fourth quarter worth $6,326,000. Janus Henderson Group PLC grew its holdings in shares of Winnebago Industries by 54.8% in the fourth quarter. Janus Henderson Group PLC now owns 281,025 shares of the construction company's stock worth $13,427,000 after acquiring an additional 99,446 shares during the period. Finally, Millennium Management LLC increased 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.

Winnebago Industries Price Performance

Winnebago Industries stock traded down $0.84 during mid-day trading on Tuesday, hitting $35.14. The stock had a trading volume of 355,029 shares, compared to its average volume of 494,200. The firm's 50 day moving average is $32.14 and its 200 day moving average is $33.73. Winnebago Industries, Inc. has a one year low of $28.00 and a one year high of $65.65. The firm has a market capitalization of $985.04 million, a P/E ratio of -59.56 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.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 EPS 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 during the quarter, compared to the consensus estimate of $808.15 million. During the same quarter in the prior year, the firm earned $1.13 EPS. The business'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, sell-side analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.40 annualized dividend and a dividend yield of 4.0%. Winnebago Industries's payout ratio is currently -237.29%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WGO shares. Benchmark dropped their target price on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. Robert W. Baird cut their price target on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. BMO Capital Markets cut their price target 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. Roth Capital cut their price target 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. Finally, Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Winnebago Industries currently has an average rating of "Moderate Buy" and a consensus target price of $42.67.

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.