UBS Group AG Boosts Stake in Winnebago Industries, Inc. $WGO

Key Points

• UBS Group AG boosted its stake in Winnebago by 224.7% in Q4, buying 937,140 shares to hold 1,354,155 shares (4.80% ownership) valued at about $54.87 million.
• Winnebago beat Q results with $0.27 EPS vs. $0.25 expected and revenue of $657.4M (up 6% year-over-year), and paid a $0.35 quarterly dividend (4.5% yield) with a 95.24% payout ratio.
• Multiple analysts have cut price targets (e.g., Truist $47→$43, Citigroup $54→$46), and the consensus rating remains a Hold with an average price target of $42.30.

UBS Group AG lifted its holdings in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 224.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,354,155 shares of the RV manufacturer's stock after buying an additional 937,140 shares during the quarter. UBS Group AG owned 4.80% of Winnebago Industries worth $54,870,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Winnebago Industries by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,990,237 shares of the RV manufacturer's stock valued at $80,644,000 after buying an additional 15,114 shares in the last quarter. Polaris Capital Management LLC boosted its stake in shares of Winnebago Industries by 62.8% in the fourth quarter. Polaris Capital Management LLC now owns 30,067 shares of the RV manufacturer's stock valued at $1,218,000 after buying an additional 11,600 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Winnebago Industries by 19.1% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,553 shares of the RV manufacturer's stock worth $306,000 after purchasing an additional 1,213 shares during the last quarter. Lakewood Asset Management LLC acquired a new position in Winnebago Industries during the fourth quarter worth $236,000. Finally, State of Alaska Department of Revenue raised its holdings in Winnebago Industries by 2.6% during the fourth quarter. State of Alaska Department of Revenue now owns 15,900 shares of the RV manufacturer's stock worth $643,000 after purchasing an additional 402 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial reduced their price objective on Winnebago Industries from $47.00 to $43.00 and set a "buy" rating for the company in a report on Thursday, April 9th. Citigroup reduced their price objective on Winnebago Industries from $54.00 to $46.00 and set a "buy" rating for the company in a report on Friday, March 27th. BMO Capital Markets reduced their price objective on Winnebago Industries from $55.00 to $48.00 and set an "outperform" rating for the company in a report on Thursday, March 26th. Robert W. Baird reduced their price objective on Winnebago Industries from $48.00 to $42.00 and set a "neutral" rating for the company in a report on Thursday, March 26th. Finally, Weiss Ratings raised Winnebago Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $42.30.

Winnebago Industries Stock Up 1.5%

Shares of NYSE:WGO opened at $30.93 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $50.16. The stock's fifty day simple moving average is $34.21 and its 200-day simple moving average is $38.58. The company has a market capitalization of $874.25 million, a P/E ratio of 21.04 and a beta of 1.17.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $657.40 million during the quarter, compared to analyst estimates of $628.00 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. As a group, equities research analysts forecast that Winnebago Industries, Inc. will post 2.33 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.5%. The ex-dividend date was Wednesday, April 15th. Winnebago Industries's dividend payout ratio is presently 95.24%.

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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