William Blair Investment Management LLC Invests $9.54 Million in Winnebago Industries, Inc. $WGO

Key Points

• William Blair Investment Management purchased 305,530 Winnebago Industries shares worth approximately $9.54 million, giving it a 1.08% stake.
• Winnebago reported weaker-than-expected quarterly results, with EPS of $0.66 versus $0.76 expected and revenue down 9.9% year over year to $698.7 million. Analysts maintain a consensus “Hold” rating with a $36.33 price target.
• The company raised its quarterly dividend to $0.36 per share, equivalent to a 4.5% annualized yield, although its payout ratio is above 100%.

William Blair Investment Management LLC purchased a new position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 305,530 shares of the RV manufacturer's stock, valued at approximately $9,545,000. William Blair Investment Management LLC owned approximately 1.08% of Winnebago Industries at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in Winnebago Industries by 90.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer's stock worth $26,000 after acquiring an additional 364 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Winnebago Industries in the 2nd quarter worth approximately $33,000. Clearstead Advisors LLC bought a new position in Winnebago Industries during the 4th quarter valued at approximately $35,000. Hantz Financial Services Inc. increased its position in Winnebago Industries by 36.2% during the 4th quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer's stock valued at $66,000 after buying an additional 435 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Winnebago Industries by 15.9% during the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer's stock valued at $75,000 after buying an additional 309 shares during the last quarter.

Winnebago Industries Trading Down 0.0%

NYSE:WGO opened at $31.77 on Monday. The company has a market cap of $898.14 million, a PE ratio of 23.36 and a beta of 1.11. The company has a current ratio of 2.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $30.70 and a two-hundred day simple moving average of $33.33. Winnebago Industries, Inc. has a 12 month low of $26.80 and a 12 month high of $50.16.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.10). The firm had revenue of $698.70 million for the quarter, compared to the consensus estimate of $755.67 million. Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. Winnebago Industries's quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 earnings per share. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Research analysts forecast that Winnebago Industries, Inc. will post 1.81 earnings per share for the current year.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be paid a dividend of $0.36 per share. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, September 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.5%. Winnebago Industries's dividend payout ratio is presently 102.94%.

Insider Activity

In related news, CEO Michael J. Happe sold 12,045 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the transaction, the chief executive officer directly owned 349,349 shares of the company's stock, valued at approximately $11,416,725.32. The trade was a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 2,414 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.66, for a total transaction of $78,841.24. Following the transaction, the senior vice president directly owned 31,274 shares of the company's stock, valued at $1,021,408.84. The trade was a 7.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,694 shares of company stock worth $511,658 over the last 90 days. Company insiders own 4.88% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Zacks Research cut Winnebago Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, June 26th. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Saturday. BMO Capital Markets cut their price objective on shares of Winnebago Industries from $48.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, June 26th. Truist Financial dropped their target price on shares of Winnebago Industries from $43.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, July 8th. Finally, Roth Capital cut their price target on shares of Winnebago Industries from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $36.33.

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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