Quantbot Technologies LP Boosts Holdings in Winnebago Industries, Inc. $WGO

Key Points

• Quantbot Technologies LP has increased its stake in Winnebago Industries by 88.1%, now owning 72,520 shares valued at approximately $2.5 million.
• Winnebago Industries announced a quarterly dividend increase, now at $0.35 per share, representing an annual yield of 4.1%.
• Analysts have mixed opinions on Winnebago's stock, with price targets ranging from $30.00 to $42.00, reflecting a moderate buy consensus rating.

Quantbot Technologies LP raised its stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 88.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,520 shares of the construction company's stock after acquiring an additional 33,966 shares during the quarter. Quantbot Technologies LP owned approximately 0.26% of Winnebago Industries worth $2,499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Versor Investments LP purchased a new position in Winnebago Industries in the first quarter valued at about $727,000. Fox Run Management L.L.C. purchased a new position in Winnebago Industries in the first quarter valued at about $751,000. Kovitz Investment Group Partners LLC purchased a new position in Winnebago Industries in the first quarter valued at about $243,000. Caitong International Asset Management Co. Ltd boosted its stake in Winnebago Industries by 255.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,112 shares of the construction company's stock valued at $107,000 after acquiring an additional 2,237 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Winnebago Industries by 54.6% in the first quarter. Russell Investments Group Ltd. now owns 88,399 shares of the construction company's stock valued at $3,046,000 after acquiring an additional 31,228 shares during the last quarter.

Winnebago Industries Price Performance

NYSE WGO traded down $0.05 on Tuesday, hitting $36.37. The stock had a trading volume of 36,461 shares, compared to its average volume of 756,954. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $65.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 2.41. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -61.52 and a beta of 1.06. The firm has a 50-day moving average of $31.59 and a 200-day moving average of $34.04.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its earnings results 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 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 period in the prior year, the company posted $1.13 EPS. The business'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. Equities analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, September 10th. This represents a $1.40 annualized dividend and a yield of 3.8%. This is a boost from Winnebago Industries's previous quarterly dividend of $0.34. Winnebago Industries's dividend payout ratio is currently -230.51%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WGO. Robert W. Baird dropped their price target on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Benchmark dropped 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 note on Monday, June 30th. Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Roth Capital dropped 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 note on Thursday, June 26th. Finally, 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 note on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.67.

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.