Nuveen LLC Buys New Holdings 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 purchased a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 113,143 shares of the construction company's stock, valued at approximately $3,899,000. Nuveen LLC owned about 0.40% of Winnebago Industries at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP lifted its position in shares of Winnebago Industries by 49.2% during the 1st quarter. Aigen Investment Management LP now owns 7,150 shares of the construction company's stock valued at $246,000 after buying an additional 2,357 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Winnebago Industries by 113.2% during the 1st quarter. Headlands Technologies LLC now owns 4,325 shares of the construction company's stock worth $149,000 after purchasing an additional 2,296 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Winnebago Industries by 11.7% during the 1st 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 in the last quarter. Jefferies Financial Group Inc. purchased a new stake in Winnebago Industries during the 1st quarter worth about $701,000. Finally, XTX Topco Ltd lifted its holdings in Winnebago Industries by 119.5% during the 1st quarter. XTX Topco Ltd now owns 41,066 shares of the construction company's stock worth $1,415,000 after purchasing an additional 22,356 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WGO shares. KeyCorp dropped 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. Benchmark decreased their target price on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Roth Capital decreased 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. Truist Financial decreased 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, Robert W. Baird decreased their target price on Winnebago Industries from $38.00 to $35.00 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.67.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock traded up $0.19 during trading on Monday, hitting $36.00. 305,422 shares of the stock traded hands, compared to its average volume of 521,006. 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 cap of $1.01 billion, a price-to-earnings ratio of -61.01 and a beta of 1.15. The firm's fifty day moving average is $31.97 and its 200-day moving average is $33.79. Winnebago Industries, Inc. has a 52 week low of $28.00 and a 52 week 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 EPS for the quarter, beating the consensus estimate 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 was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.13 EPS. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. Research analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.40 annualized dividend and a yield of 3.9%. This is a boost from Winnebago Industries's previous quarterly dividend of $0.34. Winnebago Industries's dividend payout ratio (DPR) is currently -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.