Voloridge Investment Management LLC Acquires New Shares in Winnebago Industries, Inc. (NYSE:WGO)

Voloridge Investment Management LLC acquired a new stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 34,574 shares of the construction company's stock, valued at approximately $1,652,000. Voloridge Investment Management LLC owned 0.12% of Winnebago Industries at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WGO. Exchange Traded Concepts LLC grew its stake in shares of Winnebago Industries by 9.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company's stock valued at $273,000 after purchasing an additional 506 shares during the period. KBC Group NV grew its stake in shares of Winnebago Industries by 64.5% in the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company's stock valued at $72,000 after purchasing an additional 587 shares during the period. R Squared Ltd bought a new stake in shares of Winnebago Industries in the 4th quarter valued at approximately $43,000. Hager Investment Management Services LLC bought a new stake in shares of Winnebago Industries in the 4th quarter valued at approximately $216,000. Finally, Vest Financial LLC grew its stake in shares of Winnebago Industries by 88.6% in the 4th quarter. Vest Financial LLC now owns 47,858 shares of the construction company's stock valued at $2,287,000 after purchasing an additional 22,477 shares during the period.

Winnebago Industries Price Performance

NYSE WGO traded down $0.31 during trading hours on Friday, reaching $33.94. 450,481 shares of the company's stock were exchanged, compared to its average volume of 701,803. The firm has a fifty day moving average of $33.28 and a 200-day moving average of $42.56. Winnebago Industries, Inc. has a one year low of $28.29 and a one year high of $65.65. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The stock has a market cap of $951.17 million, a PE ratio of -51.42 and a beta of 1.12.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. During the same quarter in the prior year, the business earned $0.93 EPS. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities research analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.01%. The ex-dividend date is Wednesday, June 11th. Winnebago Industries's dividend payout ratio is -544.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WGO shares. Benchmark lowered their price objective on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Baird R W lowered Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Citigroup decreased their price target on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, BMO Capital Markets decreased their price target on Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $51.89.

Insiders Place Their Bets

In other news, Director Kevin E. Bryant acquired 4,200 shares of Winnebago Industries stock in a transaction on Monday, March 31st. The shares were purchased at an average price of $34.12 per share, with a total value of $143,304.00. Following the acquisition, the director now owns 13,755 shares in the company, valued at $469,320.60. This represents a 43.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.63% of the company's stock.

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.