Y Intercept Hong Kong Ltd Takes Position in Winnebago Industries, Inc. (NYSE:WGO)

Key Points

• Y Intercept Hong Kong Ltd has acquired 18,874 shares of Winnebago Industries, Inc., valued at approximately $650,000, representing about 0.07% ownership as per their recent SEC filing.
• Several institutional investors significantly increased their stakes in Winnebago, including BNP Paribas Financial Markets with a 1,930.2% stake increase during the fourth quarter.
• Winnebago Industries reported an EPS of $0.81 for its latest quarter, surpassing estimates, but experienced a revenue decline of 1.4% year-over-year, with a consensus rating of "Moderate Buy" among analysts.

Y Intercept Hong Kong Ltd purchased a new position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,874 shares of the construction company's stock, valued at approximately $650,000. Y Intercept Hong Kong Ltd owned about 0.07% of Winnebago Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WGO. Raymond James Financial Inc. purchased a new stake in Winnebago Industries during the 4th quarter worth approximately $1,003,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Winnebago Industries during the fourth quarter worth approximately $311,000. LPL Financial LLC lifted its holdings in Winnebago Industries by 6.2% in the 4th quarter. LPL Financial LLC now owns 17,733 shares of the construction company's stock valued at $847,000 after purchasing an additional 1,038 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Winnebago Industries by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock valued at $104,250,000 after purchasing an additional 48,517 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Winnebago Industries during the fourth quarter worth $2,890,000.

Wall Street Analyst Weigh In

WGO has been the topic of several research reports. Robert W. Baird decreased their price target on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. BMO Capital Markets lowered their target price on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a report on Thursday, June 26th. KeyCorp dropped 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. Baird R W lowered Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Truist Financial dropped their target price on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Five investment 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, Winnebago Industries presently has an average rating of "Moderate Buy" and an average target price of $42.33.

Winnebago Industries Trading Down 0.6%

WGO stock traded down $0.19 during mid-day trading on Monday, hitting $31.48. 524,028 shares of the company were exchanged, compared to its average volume of 787,112. Winnebago Industries, Inc. has a 12-month low of $28.00 and a 12-month high of $65.65. The firm has a market capitalization of $882.38 million, a P/E ratio of -53.36 and a beta of 1.01. The business has a fifty day simple moving average of $32.17 and a 200-day simple moving average of $36.21. 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 (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 analysts' consensus estimates of $0.79 by $0.02. The firm 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% on a year-over-year basis. During the same quarter last year, the company posted $1.13 EPS. On average, equities research analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were issued a $0.34 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 annualized dividend and a dividend yield of 4.32%. Winnebago Industries's dividend payout ratio 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.