University of Texas Texas AM Investment Management Co. Takes Position in Winnebago Industries, Inc. (NYSE:WGO)

Key Points

• The University of Texas Texas AM Investment Management Co. recently acquired 29,216 shares of Winnebago Industries, Inc., valued at approximately $1,007,000, during the first quarter.
• Several institutional investors, including SG Americas Securities LLC and GAMMA Investing LLC, have also increased their stakes in Winnebago, highlighting growing interest in the company.
• Winnebago Industries announced a quarterly dividend of $0.34 per share, translating to an annualized dividend yield of 4.29%.

University of Texas Texas AM Investment Management Co. bought a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,216 shares of the construction company's stock, valued at approximately $1,007,000. University of Texas Texas AM Investment Management Co. owned 0.10% of Winnebago Industries at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of Winnebago Industries by 36,000.0% in the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after purchasing an additional 720 shares during the period. Versant Capital Management Inc boosted its stake in shares of Winnebago Industries by 304.9% in the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after buying an additional 622 shares during the period. Parallel Advisors LLC boosted its stake in shares of Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after buying an additional 711 shares during the period. Signaturefd LLC purchased a new position in shares of Winnebago Industries in the 1st quarter valued at about $31,000. Finally, Sterling Capital Management LLC boosted its stake in shares of Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock valued at $43,000 after buying an additional 807 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WGO shares. Robert W. Baird decreased 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 note on Thursday, June 26th. BMO Capital Markets decreased their price target on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a report on Thursday, June 26th. Citigroup decreased their price target on Winnebago Industries from $37.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Benchmark decreased their target price on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Finally, Baird R W downgraded shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.33.

Winnebago Industries Price Performance

Shares of WGO traded down $0.86 during trading hours on Thursday, reaching $29.70. The company had a trading volume of 214,600 shares, compared to its average volume of 779,573. Winnebago Industries, Inc. has a 12-month low of $28.00 and a 12-month high of $65.65. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $832.43 million, a price-to-earnings ratio of -50.34 and a beta of 1.01. The firm has a 50 day simple moving average of $31.90 and a 200-day simple moving average of $36.04.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The firm had revenue of $775.10 million during the quarter, compared to the consensus estimate of $808.15 million. During the same period last year, the business posted $1.13 EPS. Winnebago Industries's quarterly revenue was down 1.4% on a year-over-year basis. Research analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.58%. Winnebago Industries's dividend payout ratio (DPR) is -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.