Winnebago Industries, Inc. $WGO Shares Sold by Profit Investment Management LLC

Key Points

• Profit Investment Management LLC reduced its stake in Winnebago Industries by 32.2%, holding approximately 0.09% of the company after selling 11,700 shares in the second quarter.
• Winnebago reported a quarterly EPS of $0.81, exceeding analyst expectations of $0.79, although its revenue for the quarter was down 1.4% year-over-year.
• The company announced a quarterly dividend increase to $0.35 per share, representing a 4.2% yield, with a payout ratio of -237.29%.

Profit Investment Management LLC cut its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 32.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,604 shares of the construction company's stock after selling 11,700 shares during the quarter. Profit Investment Management LLC owned 0.09% of Winnebago Industries worth $714,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Winnebago Industries by 36,000.0% in the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after purchasing an additional 720 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after purchasing an additional 711 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Winnebago Industries by 304.9% in the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after purchasing an additional 622 shares during the last quarter. Signaturefd LLC purchased a new stake in shares of Winnebago Industries in the 1st quarter valued at approximately $31,000. Finally, State of Wyoming purchased a new stake in shares of Winnebago Industries in the 1st quarter valued at approximately $47,000.

Winnebago Industries Price Performance

WGO stock traded down $0.01 during trading on Tuesday, reaching $33.26. 200,190 shares of the company were exchanged, compared to its average volume of 731,680. The company has a market cap of $932.28 million, a P/E ratio of -56.37 and a beta of 1.15. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $65.65. The stock's 50 day moving average price is $33.13 and its 200 day moving average price is $33.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 2.41.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its 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. The company had revenue of $775.10 million during the quarter, compared to analysts' expectations of $808.15 million. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 earnings per share. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. As a group, analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 10th. This is an increase from Winnebago Industries's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 4.2%. Winnebago Industries's dividend payout ratio (DPR) is presently -237.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Winnebago Industries from $36.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, September 12th. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research report on Thursday, June 26th. Truist Financial dropped their target price on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. KeyCorp dropped their target price on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Finally, Robert W. Baird dropped their target price on shares of 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 equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.22.

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.