Alliancebernstein L.P. Cuts Stock Holdings in Winnebago Industries, Inc. $WGO

Key Points

• Alliancebernstein L.P. has reduced its stake in Winnebago Industries by 19.4%, now holding approximately 1.85% of the company valued at around $17.8 million.
• Winnebago recently announced a quarterly dividend increase to $0.35 per share, representing a 4.1% yield, reflecting the company's commitment to shareholder value.
• The company's stock price has seen fluctuations, with a current market cap of $954.67 million and analysts predicting a Moderate Buy consensus rating with an average price target of $42.67.

Alliancebernstein L.P. lowered its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 19.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,804 shares of the construction company's stock after selling 124,466 shares during the period. Alliancebernstein L.P. owned 1.85% of Winnebago Industries worth $17,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WGO. Zweig DiMenna Associates LLC acquired a new position in shares of Winnebago Industries during the first quarter worth $6,260,000. Two Sigma Investments LP acquired a new position in shares of Winnebago Industries during the fourth quarter worth $6,326,000. Nuveen LLC acquired a new position in shares of Winnebago Industries during the first quarter worth $3,899,000. Janus Henderson Group PLC boosted its stake in Winnebago Industries by 54.8% in the fourth quarter. Janus Henderson Group PLC now owns 281,025 shares of the construction company's stock valued at $13,427,000 after acquiring an additional 99,446 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Winnebago Industries by 20.0% in the fourth quarter. Millennium Management LLC now owns 571,334 shares of the construction company's stock valued at $27,298,000 after acquiring an additional 95,113 shares in the last quarter.

Analyst Ratings Changes

Several research firms have issued reports on WGO. Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. BMO Capital Markets decreased their price objective on shares of Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research note on Thursday, June 26th. Benchmark decreased their price objective on shares of Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Robert W. Baird decreased their price objective on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Finally, Truist Financial decreased their price objective on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.22.

Winnebago Industries Stock Performance

Shares of NYSE:WGO traded down $1.31 on Friday, reaching $33.92. The company's stock had a trading volume of 506,786 shares, compared to its average volume of 449,382. The stock's 50-day moving average is $33.01 and its two-hundred day moving average is $33.37. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $65.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. The stock has a market capitalization of $950.72 million, a P/E ratio of -57.49 and a beta of 1.15.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $808.15 million. During the same period in the prior year, the company earned $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, sell-side analysts forecast that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.1%. Winnebago Industries's dividend payout ratio is currently -237.29%.

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.