Trexquant Investment LP Takes $3.23 Million Position in Winnebago Industries, Inc. $WGO

Key Points

• Trexquant Investment LP has acquired 93,773 shares of Winnebago Industries, Inc. for approximately $3.23 million, marking a new stake in the company.
• Winnebago Industries recently reported a quarterly earnings per share (EPS) of $0.81, exceeding analyst estimates, but experienced a 1.4% year-over-year drop in revenue.
• The company declared a dividend increase to $0.35 per share, yielding 4.0%, effective for shareholders of record on September 10th.

Trexquant Investment LP purchased a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 93,773 shares of the construction company's stock, valued at approximately $3,231,000. Trexquant Investment LP owned 0.33% of Winnebago Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WGO. Hsbc Holdings PLC acquired a new stake in shares of Winnebago Industries during the 4th quarter valued at approximately $570,000. Price T Rowe Associates Inc. MD lifted its position in shares of Winnebago Industries by 8.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,576 shares of the construction company's stock valued at $1,223,000 after acquiring an additional 2,054 shares during the period. Northern Trust Corp lifted its position in shares of Winnebago Industries by 11.3% during the 4th quarter. Northern Trust Corp now owns 345,226 shares of the construction company's stock valued at $16,495,000 after acquiring an additional 35,177 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Winnebago Industries by 1,930.2% during the 4th quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company's stock valued at $15,369,000 after acquiring an additional 305,818 shares during the period. Finally, Bridgeway Capital Management LLC lifted its position in shares of Winnebago Industries by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 251,998 shares of the construction company's stock valued at $12,040,000 after acquiring an additional 6,326 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target 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. Citigroup lifted 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. Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. 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, 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. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $42.67.

Winnebago Industries Trading Up 0.8%

WGO stock traded up $0.28 during midday trading on Friday, hitting $36.77. The stock had a trading volume of 450,225 shares, compared to its average volume of 460,574. The firm has a market cap of $1.03 billion, a PE ratio of -62.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. Winnebago Industries, Inc. has a 12-month low of $28.00 and a 12-month high of $65.65. The company's 50-day moving average price is $32.59 and its 200 day moving average price is $33.63.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its 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. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The firm had revenue of $775.10 million during the quarter, compared to analysts' expectations of $808.15 million. During the same period in the previous year, the company earned $1.13 EPS. Winnebago Industries's revenue for the quarter was down 1.4% on a year-over-year basis. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. On average, equities research analysts predict 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. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.40 annualized dividend and a dividend 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 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.