William Blair Investment Management LLC Has $12.70 Million Stock Position in Winnebago Industries, Inc. $WGO

Key Points

• William Blair Investment Management LLC has reduced its stake in Winnebago Industries, Inc. by 7.7%, owning 437,988 shares valued at approximately $12.7 million as of the latest SEC filing.
• Analysts have varying ratings for Winnebago Industries, with six analysts giving it a Buy rating and four a Hold rating, alongside a consensus price target of $40.78.
• Winnebago Industries recently increased its quarterly dividend to $0.35 per share, representing a 4.6% dividend yield and reflecting the company's ongoing commitment to returning value to shareholders.

William Blair Investment Management LLC reduced its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 437,988 shares of the RV manufacturer's stock after selling 36,296 shares during the quarter. William Blair Investment Management LLC owned 1.56% of Winnebago Industries worth $12,702,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the RV manufacturer's stock worth $25,000 after purchasing an additional 720 shares in the last quarter. Signaturefd LLC acquired a new stake in shares of Winnebago Industries during the 1st quarter worth $31,000. GAMMA Investing LLC grew its holdings in shares of Winnebago Industries by 62.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,123 shares of the RV manufacturer's stock worth $33,000 after purchasing an additional 433 shares in the last quarter. State of Wyoming acquired a new stake in shares of Winnebago Industries during the 1st quarter worth $47,000. Finally, Allworth Financial LP grew its holdings in shares of Winnebago Industries by 61.5% during the 1st quarter. Allworth Financial LP now owns 1,663 shares of the RV manufacturer's stock worth $55,000 after purchasing an additional 633 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Robert W. Baird reduced their target price on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. BMO Capital Markets reduced their target price on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a report on Thursday, June 26th. Truist Financial dropped their price objective on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. DA Davidson lifted their target price on Winnebago Industries from $26.00 to $32.00 and gave the company a "neutral" rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Winnebago Industries in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.78.

Winnebago Industries Stock Performance

NYSE:WGO opened at $30.53 on Tuesday. The stock has a market cap of $855.67 million, a P/E ratio of -51.74 and a beta of 1.14. 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 stock's 50-day moving average is $33.80 and its 200-day moving average is $32.69. Winnebago Industries, Inc. has a 1-year low of $28.00 and a 1-year high of $65.65.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.6%. This is an increase from Winnebago Industries's previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, September 10th. Winnebago Industries's dividend payout ratio (DPR) is presently -237.29%.

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.

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