Profit Investment Management LLC Trims Holdings in Winnebago Industries, Inc. $WGO

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

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Winnebago Industries in the first quarter worth $1,054,000. GAMMA Investing LLC increased its position in Winnebago Industries by 9,187.9% in the first quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company's stock worth $819,000 after buying an additional 23,521 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Winnebago Industries by 26.3% in the first quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock worth $249,000 after buying an additional 1,503 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Winnebago Industries in the first quarter worth $254,000. Finally, Parallel Advisors LLC grew its position in shares of Winnebago Industries by 629.2% in the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after purchasing an additional 711 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on WGO. Citigroup lifted their price target on Winnebago Industries from $36.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, September 12th. KeyCorp reduced their price target on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Robert W. Baird reduced their price target on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Finally, Truist Financial reduced their price target on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.22.

Winnebago Industries Price Performance

WGO stock traded up $0.23 during mid-day trading on Monday, hitting $33.34. 484,117 shares of the stock were exchanged, compared to its average volume of 734,437. 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 business has a fifty day moving average price of $33.12 and a 200 day moving average price of $33.11. Winnebago Industries, Inc. has a 12 month low of $28.00 and a 12 month high of $65.65. The stock has a market capitalization of $934.52 million, a price-to-earnings ratio of -56.51 and a beta of 1.15.

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 the consensus estimate of $0.79 by $0.02. The firm had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%.The company's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. On average, sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently disclosed 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. This is an increase from Winnebago Industries's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 10th. Winnebago Industries's dividend payout ratio (DPR) is presently -237.29%.

Winnebago Industries Company 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.