XTX Topco Ltd Grows Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Key Points

• XTX Topco Ltd significantly increased its stake in Winnebago Industries, boosting its holdings by 119.5% to 41,066 shares, valued at approximately $1.4 million.
• Several institutional investors also enhanced their positions in Winnebago Industries, with Farther Finance Advisors LLC increasing its stake by 36,000% during the first quarter.
• Analyst rating changes include a downgrade from Benchmark, which lowered its target price from $60 to $42, reflecting mixed sentiment toward the stock's future performance.

XTX Topco Ltd boosted its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 119.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 41,066 shares of the construction company's stock after buying an additional 22,356 shares during the period. XTX Topco Ltd owned approximately 0.15% of Winnebago Industries worth $1,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WGO. Farther Finance Advisors LLC increased its stake in Winnebago Industries by 36,000.0% in the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock worth $25,000 after purchasing an additional 720 shares during the period. Versant Capital Management Inc increased its stake in Winnebago Industries by 304.9% in the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock worth $28,000 after purchasing an additional 622 shares during the period. Parallel Advisors LLC increased its stake in Winnebago Industries by 629.2% in the first 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 period. Signaturefd LLC purchased a new stake in Winnebago Industries in the first quarter worth $31,000. Finally, Sterling Capital Management LLC increased its stake in Winnebago Industries by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock worth $43,000 after purchasing an additional 807 shares during the period.

Analyst Ratings Changes

A number of research firms have weighed in on WGO. Benchmark reduced their target price on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Baird R W lowered Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. BMO Capital Markets reduced their target price on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research note on Thursday, June 26th. 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. Finally, Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

Winnebago Industries Price Performance

Shares of WGO stock opened at $29.74 on Friday. Winnebago Industries, Inc. has a 1-year low of $28.00 and a 1-year high of $65.65. The stock's 50-day moving average is $31.81 and its 200 day moving average is $35.92. The company has a market cap of $833.47 million, a P/E ratio of -50.40 and a beta of 1.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The company 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 company earned $1.13 earnings per share. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.6%. Winnebago Industries's dividend payout ratio (DPR) is presently -230.51%.

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.

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