Peregrine Capital Management LLC Increases Stake in Winnebago Industries, Inc. (NYSE:WGO)

Peregrine Capital Management LLC lifted its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 39.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,546 shares of the construction company's stock after buying an additional 27,361 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.34% of Winnebago Industries worth $3,327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after purchasing an additional 390 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Winnebago Industries by 36,000.0% during the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after purchasing an additional 720 shares in the last quarter. Versant Capital Management Inc boosted its position in Winnebago Industries by 304.9% during the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after purchasing an additional 622 shares in the last quarter. Parallel Advisors LLC boosted its position in Winnebago Industries by 629.2% during the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after purchasing an additional 711 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in Winnebago Industries by 823.5% during the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock valued at $43,000 after purchasing an additional 807 shares in the last quarter.

Winnebago Industries Stock Performance

Shares of NYSE:WGO traded down $0.45 during trading on Friday, hitting $31.36. The stock had a trading volume of 377,498 shares, compared to its average volume of 716,717. Winnebago Industries, Inc. has a 12-month low of $28.00 and a 12-month high of $65.65. The stock has a market capitalization of $878.88 million, a price-to-earnings ratio of -53.14 and a beta of 1.01. 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 50-day simple moving average of $32.96 and a two-hundred day simple moving average of $38.06.

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 (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The firm had revenue of $775.10 million during the quarter, compared to analysts' expectations of $808.15 million. During the same period last year, the business posted $1.13 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Wednesday, June 11th. Winnebago Industries's payout ratio is -230.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup dropped their price objective on Winnebago Industries from $37.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Roth Capital dropped their price objective on Winnebago Industries from $37.00 to $30.00 and set a "neutral" 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. KeyCorp dropped their price objective 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. Finally, BMO Capital Markets decreased 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. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.33.

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.