Public Sector Pension Investment Board Buys 18,038 Shares of Winnebago Industries, Inc. $WGO

Key Points

• The Public Sector Pension Investment Board increased its stake in Winnebago Industries, purchasing an additional 18,038 shares, bringing its total holdings to 90,069 shares valued at approximately $3.1 million.
• Winnebago Industries recently increased its quarterly dividend to $0.35, resulting in an annual yield of 4.1%, reflecting a positive step in shareholder returns.
• Analysts have mixed ratings on Winnebago Industries, with five ratings as "hold" and six as "buy," while the average price target is $42.67.

Public Sector Pension Investment Board boosted its holdings in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 25.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 90,069 shares of the construction company's stock after buying an additional 18,038 shares during the period. Public Sector Pension Investment Board owned 0.32% of Winnebago Industries worth $3,104,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. First Trust Advisors LP grew its position in shares of Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock valued at $78,540,000 after purchasing an additional 474,273 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Winnebago Industries by 11.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 698,647 shares of the construction company's stock valued at $24,075,000 after purchasing an additional 73,099 shares in the last quarter. Millennium Management LLC grew its position in shares of 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 purchasing an additional 95,113 shares in the last quarter. Northern Trust Corp grew 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 valued at $16,495,000 after purchasing an additional 35,177 shares in the last quarter. Finally, BNP Paribas Financial Markets grew 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 valued at $15,369,000 after purchasing an additional 305,818 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BMO Capital Markets cut their price objective on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research report on Thursday, June 26th. Roth Capital cut their price objective on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Robert W. Baird cut their price objective on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. KeyCorp cut their price objective on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Finally, Benchmark cut their price objective on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.67.

Winnebago Industries Trading Up 7.2%

WGO traded up $2.43 on Friday, hitting $36.22. The company had a trading volume of 684,998 shares, compared to its average volume of 585,144. The company has a market cap of $1.02 billion, a PE ratio of -61.39 and a beta of 1.06. Winnebago Industries, Inc. has a 12-month low of $28.00 and a 12-month high of $65.65. 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 business's fifty day simple moving average is $31.50 and its 200 day simple moving average is $34.09.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. The company had revenue of $775.10 million during 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 firm's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.13 earnings per share. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. Equities research analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

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