Winnebago Industries, Inc. $WGO Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC reduced its stake in Winnebago Industries, Inc. by 4.9%, owning 239,634 shares valued at approximately $8.26 million after selling 12,364 shares in the first quarter.
• Winnebago Industries announced a quarterly dividend increase to $0.35 per share, reflecting a 4.0% annualized yield, payable on September 24th.
• Analysts have mixed ratings on Winnebago Industries, with an average target price of $42.67 per share and a consensus rating of "Moderate Buy".

Bridgeway Capital Management LLC lowered its position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,634 shares of the construction company's stock after selling 12,364 shares during the quarter. Bridgeway Capital Management LLC owned 0.86% of Winnebago Industries worth $8,258,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC raised its position in Winnebago Industries by 36,000.0% during the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock worth $25,000 after acquiring an additional 720 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock worth $28,000 after purchasing an additional 622 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after purchasing an additional 711 shares during the last quarter. Signaturefd LLC purchased a new stake in Winnebago Industries in the 1st quarter valued at approximately $31,000. Finally, State of Wyoming acquired a new stake in Winnebago Industries during the 1st quarter valued at $47,000.

Analysts Set New Price Targets

WGO has been the subject of a number of analyst reports. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a report on Sunday, June 29th. Roth Capital cut their target price on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Citigroup upped their target price on shares of Winnebago Industries from $33.00 to $36.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Robert W. Baird lowered their price target on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. Finally, Truist Financial decreased their price objective on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $42.67.

Winnebago Industries Trading Up 0.6%

Shares of WGO stock opened at $35.33 on Thursday. The company has a quick ratio of 0.89, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. Winnebago Industries, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $65.65. The firm's 50 day moving average price is $32.28 and its two-hundred day moving average price is $33.74. The stock has a market cap of $990.30 million, a price-to-earnings ratio of -59.88 and a beta of 1.15.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $808.15 million. During the same quarter last year, the firm posted $1.13 EPS. The business's revenue for the quarter 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. On average, analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given 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 annualized dividend and a dividend yield of 4.0%. Winnebago Industries's dividend payout ratio (DPR) is currently -230.51%.

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.

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