Winnebago Industries, Inc. $WGO Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Winnebago Industries by 11.7%, acquiring a total of 698,647 shares valued at approximately $24 million.
• Winnebago Industries announced a quarterly dividend increase to $0.35 per share, marking a dividend yield of 4.1% as it prepares for its next payout on September 24th.
• The company's recent earnings report showed an EPS of $0.81, exceeding estimates, but indicated a 1.4% decline in revenue compared to the previous year.

Charles Schwab Investment Management Inc. lifted its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 698,647 shares of the construction company's stock after purchasing an additional 73,099 shares during the period. Charles Schwab Investment Management Inc. owned about 2.49% of Winnebago Industries worth $24,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC increased its position in shares of Winnebago Industries by 20.0% during the fourth quarter. Millennium Management LLC now owns 571,334 shares of the construction company's stock worth $27,298,000 after purchasing an additional 95,113 shares in the last quarter. Northern Trust Corp increased its position in shares of Winnebago Industries by 11.3% during the fourth quarter. Northern Trust Corp now owns 345,226 shares of the construction company's stock worth $16,495,000 after purchasing an additional 35,177 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company's stock worth $15,369,000 after purchasing an additional 305,818 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Winnebago Industries by 54.8% during the fourth quarter. Janus Henderson Group PLC now owns 281,025 shares of the construction company's stock worth $13,427,000 after purchasing an additional 99,446 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Winnebago Industries by 2.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 251,998 shares of the construction company's stock worth $12,040,000 after purchasing an additional 6,326 shares in the last quarter.

Winnebago Industries Trading Down 2.6%

Shares of Winnebago Industries stock opened at $34.49 on Thursday. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $65.65. 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 50-day simple moving average is $31.39 and its 200-day simple moving average is $34.41. The firm has a market cap of $966.79 million, a price-to-earnings ratio of -58.46 and a beta of 1.06.

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

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.1%. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, September 10th. Winnebago Industries's dividend payout ratio (DPR) is -237.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WGO. Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Roth Capital dropped their price target on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. KeyCorp dropped their price target on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Citigroup boosted their price target on Winnebago Industries from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Finally, Robert W. Baird dropped their price target on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.67.

Winnebago Industries 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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