Russell Investments Group Ltd. Buys 31,228 Shares of Winnebago Industries, Inc. $WGO

Key Points

• Russell Investments Group Ltd. increased its stake in Winnebago Industries by 54.6%, acquiring an additional 31,228 shares, bringing its total ownership to 88,399 shares valued at approximately $3.04 million.
• Winnebago Industries increased its quarterly dividend from $0.34 to $0.35 per share, with a dividend yield of 3.9%, indicating financial stability and commitment to return value to shareholders.
• Analyst ratings for Winnebago Industries have shifted, with various firms lowering price targets; the current consensus target price is $42.67 reflecting a "Moderate Buy" rating among the analysts.

Russell Investments Group Ltd. lifted its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 54.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,399 shares of the construction company's stock after acquiring an additional 31,228 shares during the period. Russell Investments Group Ltd. owned approximately 0.32% of Winnebago Industries worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Winnebago Industries during the 1st quarter worth approximately $1,054,000. GAMMA Investing LLC increased its position in Winnebago Industries by 9,187.9% during the 1st quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company's stock worth $819,000 after purchasing an additional 23,521 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Winnebago Industries by 26.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock worth $249,000 after purchasing an additional 1,503 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Winnebago Industries during the 1st quarter worth approximately $254,000. Finally, Parallel Advisors LLC increased its position in Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after purchasing an additional 711 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WGO. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research report on Thursday, June 26th. Truist Financial lowered their price objective on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Robert W. Baird lowered their price objective on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. 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 report on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.67.

Winnebago Industries Trading Down 1.8%

Shares of NYSE:WGO traded down $0.65 during trading on Thursday, reaching $35.82. The stock had a trading volume of 319,492 shares, compared to its average volume of 753,523. The firm's fifty day moving average is $31.79 and its 200 day moving average is $34.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 2.41. Winnebago Industries, Inc. has a 52 week low of $28.00 and a 52 week high of $65.65. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -60.71 and a beta of 1.06.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. During the same period in the prior year, the firm posted $1.13 EPS. The company's quarterly revenue was down 1.4% on a year-over-year basis. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. As a group, equities analysts forecast 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 paid a dividend of $0.35 per share. This is a boost from Winnebago Industries's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 10th. Winnebago Industries's payout ratio is currently -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.