Squarepoint Ops LLC Increases Stock Holdings in Winnebago Industries, Inc. $WGO

Key Points

• Squarepoint Ops increased its Winnebago Industries stake by 181.3% in the second quarter, purchasing 73,084 additional shares to own 113,403 shares valued at approximately $3.54 million.
• Winnebago reported weaker-than-expected quarterly results, with EPS of $0.66 versus the $0.76 consensus estimate and revenue down 9.9% year over year to $698.7 million. The stock opened at $28.31, near its 12-month low of $26.80.
• The company raised its quarterly dividend to $0.36 per share, implying a 5.1% annualized yield, while analysts maintained a broadly neutral view with a consensus “Hold” rating and a $36.33 price target.

Squarepoint Ops LLC lifted its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 181.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 113,403 shares of the RV manufacturer's stock after buying an additional 73,084 shares during the quarter. Squarepoint Ops LLC owned approximately 0.40% of Winnebago Industries worth $3,543,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in WGO. Northwestern Mutual Wealth Management Co. grew its stake in Winnebago Industries by 90.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer's stock valued at $26,000 after acquiring an additional 364 shares during the last quarter. Allworth Financial LP acquired a new position in Winnebago Industries during the second quarter worth about $33,000. Clearstead Advisors LLC acquired a new position in Winnebago Industries during the fourth quarter worth about $35,000. Hantz Financial Services Inc. lifted its holdings in shares of Winnebago Industries by 36.2% in the fourth quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer's stock valued at $66,000 after purchasing an additional 435 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer's stock valued at $75,000 after purchasing an additional 309 shares in the last quarter.

Winnebago Industries Price Performance

Winnebago Industries stock opened at $28.31 on Friday. The stock has a market capitalization of $800.18 million, a P/E ratio of 20.81 and a beta of 1.12. Winnebago Industries, Inc. has a 12-month low of $26.80 and a 12-month high of $50.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.37 and a quick ratio of 0.92. The firm's 50-day moving average is $30.82 and its two-hundred day moving average is $31.62.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.10). Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. The firm had revenue of $698.70 million during the quarter, compared to analyst estimates of $755.67 million. During the same period in the prior year, the firm earned $0.81 EPS. The business's quarterly revenue was down 9.9% on a year-over-year basis. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Equities analysts predict that Winnebago Industries, Inc. will post 1.81 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be issued a $0.36 dividend. This is a boost from Winnebago Industries's previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, September 9th. This represents a $1.44 annualized dividend and a yield of 5.1%. Winnebago Industries's payout ratio is presently 105.88%.

Analyst Ratings Changes

Several research firms have recently commented on WGO. Seaport Research Partners began coverage on shares of Winnebago Industries in a research report on Monday, July 27th. They issued a "neutral" rating on the stock. Griffin Securities set a $35.00 target price on Winnebago Industries in a research note on Monday, June 15th. Zacks Research upgraded Winnebago Industries from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 1st. Citigroup raised their price target on Winnebago Industries from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, June 29th. Finally, Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.33.

Insiders Place Their Bets

In other Winnebago Industries news, CEO Michael Happe sold 12,045 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the transaction, the chief executive officer owned 349,349 shares of the company's stock, valued at $11,416,725.32. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret Woodson sold 2,414 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.66, for a total value of $78,841.24. Following the sale, the senior vice president owned 31,274 shares in the company, valued at $1,021,408.84. This trade represents a 7.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 15,694 shares of company stock worth $511,658. Corporate insiders own 4.88% of the company's stock.

Winnebago Industries Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.

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