Vanguard Group Inc. Trims Stake in Winnebago Industries, Inc. $WGO

Key Points

• Vanguard Group Inc. sold 79,145 shares of Winnebago Industries, Inc., reducing its stake by 3.6%, leaving it with approximately 2.1 million shares valued at $72.46 million.
• Other institutional investors have also significantly increased their positions in Winnebago, with some firms growing their holdings by over 600% in the first quarter.
• Winnebago recently announced a quarterly dividend of $0.35, representing a yield of 3.9%, up from the previous dividend of $0.34.

Vanguard Group Inc. reduced its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,102,729 shares of the construction company's stock after selling 79,145 shares during the quarter. Vanguard Group Inc. owned about 7.50% of Winnebago Industries worth $72,460,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Winnebago Industries by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,084 shares of the construction company's stock valued at $768,000 after acquiring an additional 591 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Winnebago Industries by 304.9% in the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock worth $28,000 after acquiring an additional 622 shares during the period. Allworth Financial LP boosted its holdings in shares of Winnebago Industries by 61.5% in the first quarter. Allworth Financial LP now owns 1,663 shares of the construction company's stock worth $55,000 after acquiring an additional 633 shares during the period. Signal Advisors Wealth LLC raised its position in shares of Winnebago Industries by 3.3% in the first quarter. Signal Advisors Wealth LLC now owns 20,356 shares of the construction company's stock worth $702,000 after buying an additional 643 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Winnebago Industries by 629.2% during the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after purchasing an additional 711 shares in the last quarter.

Winnebago Industries Stock Performance

WGO traded down $0.98 during mid-day trading on Thursday, reaching $35.49. 102,436 shares of the company traded hands, compared to its average volume of 752,140. The stock has a market capitalization of $994.87 million, a P/E ratio of -60.09 and a beta of 1.06. The company has a quick ratio of 0.89, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The company's fifty day moving average price is $31.79 and its 200-day moving average price is $34.07. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. On average, sell-side analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.35 per share. This is a boost from Winnebago Industries's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.40 annualized dividend and a dividend yield of 3.9%. Winnebago Industries's payout ratio is currently -230.51%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Robert W. Baird decreased their price objective on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. KeyCorp cut their target price on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. BMO Capital Markets cut their price objective on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research report on Thursday, June 26th. Benchmark dropped their price target on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. Finally, Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.67.

Winnebago Industries Company Profile

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.