XTX Topco Ltd Purchases 22,356 Shares of 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% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,066 shares of the construction company's stock after buying an additional 22,356 shares during the quarter. XTX Topco Ltd owned 0.15% of Winnebago Industries worth $1,415,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in shares of Winnebago Industries by 36,000.0% in the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after acquiring an additional 720 shares in the last quarter. Versant Capital Management Inc boosted its stake 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 buying an additional 622 shares during the period. Parallel Advisors LLC grew its position in shares of Winnebago Industries by 629.2% during the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after buying an additional 711 shares in the last quarter. Signaturefd LLC acquired a new stake in Winnebago Industries in the first quarter valued at approximately $31,000. Finally, Sterling Capital Management LLC grew its holdings in Winnebago Industries by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock worth $43,000 after acquiring an additional 807 shares in the last quarter.

Winnebago Industries Stock Performance

Winnebago Industries stock traded up $0.08 during midday trading on Tuesday, reaching $29.89. 210,631 shares of the stock traded hands, compared to its average volume of 776,871. The firm has a fifty day moving average price of $31.64 and a two-hundred day moving average price of $35.49. The firm has a market cap of $837.71 million, a price-to-earnings ratio of -50.67 and a beta of 1.06. The company has a current ratio of 2.41, a quick ratio of 0.89 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.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $808.15 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company's quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were given a dividend of $0.34 per share. The ex-dividend date 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%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Robert W. Baird decreased their price target on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. BMO Capital Markets dropped their price objective on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a report on Thursday, June 26th. Benchmark reduced their target price on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a report on Monday, June 30th. Truist Financial cut their price target on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Finally, KeyCorp decreased their price objective on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $42.33.

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.