Quantbot Technologies LP Increases Stake 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 boosted its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 88.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,520 shares of the construction company's stock after acquiring an additional 33,966 shares during the quarter. Quantbot Technologies LP owned 0.26% of Winnebago Industries worth $2,499,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WGO. Wells Fargo & Company MN raised its position in Winnebago Industries by 66.9% during the fourth quarter. Wells Fargo & Company MN now owns 49,976 shares of the construction company's stock valued at $2,388,000 after acquiring an additional 20,036 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Winnebago Industries in the fourth quarter valued at approximately $1,003,000. Sterling Capital Management LLC grew its holdings in Winnebago Industries by 823.5% in 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 during the period. MetLife Investment Management LLC grew its holdings in Winnebago Industries by 5.2% in the fourth quarter. MetLife Investment Management LLC now owns 17,383 shares of the construction company's stock valued at $831,000 after purchasing an additional 855 shares during the period. Finally, Stifel Financial Corp grew its holdings in Winnebago Industries by 10.5% in the fourth quarter. Stifel Financial Corp now owns 98,515 shares of the construction company's stock valued at $4,707,000 after purchasing an additional 9,324 shares during the period.

Analysts Set New Price Targets

Several analysts have commented on WGO shares. Citigroup raised their price objective on Winnebago Industries from $33.00 to $36.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. 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 report on Thursday, June 26th. BMO Capital Markets dropped their price objective on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a report on Thursday, June 26th. Benchmark dropped their price objective on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, June 30th. Finally, Robert W. Baird dropped their price objective on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.67.

Winnebago Industries Stock Performance

Shares of NYSE:WGO opened at $34.49 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. The business's 50 day moving average price is $31.39 and its 200-day moving average price is $34.41. The firm has a market capitalization of $966.79 million, a PE ratio of -58.46 and a beta of 1.06. Winnebago Industries, Inc. has a 1 year low of $28.00 and a 1 year high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 earnings per share. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. As a group, equities research analysts expect 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 paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.1%. This is an increase from Winnebago Industries's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, September 10th. Winnebago Industries's dividend payout ratio is presently -237.29%.

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.

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