Zweig DiMenna Associates LLC Makes New Investment in Winnebago Industries, Inc. (NYSE:WGO)

Key Points

• Zweig DiMenna Associates LLC has made a significant investment in Winnebago Industries, purchasing 181,657 shares valued at approximately $6.26 million, representing about 0.65% ownership.
• In recent analyst activity, Winnebago's stock has been rated with five hold ratings and six buy ratings, with a consensus price target of $42.33.
• Winnebago Industries announced a quarterly dividend of $0.34 per share, translating to an annualized dividend of $1.36 and a dividend yield of 4.33%, despite a negative payout ratio of -230.51%.

Zweig DiMenna Associates LLC purchased a new position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 181,657 shares of the construction company's stock, valued at approximately $6,260,000. Zweig DiMenna Associates LLC owned about 0.65% of Winnebago Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WGO. Farther Finance Advisors LLC lifted its holdings in shares of Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after buying an additional 720 shares during the period. Versant Capital Management Inc increased 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 worth $28,000 after purchasing an additional 622 shares in the last quarter. Parallel Advisors LLC increased its stake 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 worth $28,000 after purchasing an additional 711 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of Winnebago Industries in the 1st quarter worth $31,000. Finally, Sterling Capital Management LLC increased its stake in shares of Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock worth $43,000 after purchasing an additional 807 shares in the last quarter.

Winnebago Industries Trading Down 0.1%

Shares of NYSE:WGO traded down $0.02 during trading on Tuesday, reaching $31.42. The company's stock had a trading volume of 184,662 shares, compared to its average volume of 782,786. 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 12 month low of $28.00 and a 12 month high of $65.65. The firm's 50 day simple moving average is $32.08 and its two-hundred day simple moving average is $36.11. The stock has a market capitalization of $880.62 million, a PE ratio of -53.27 and a beta of 1.01.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $775.10 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $1.13 earnings per share. On average, research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.33%. The ex-dividend date was Wednesday, June 11th. Winnebago Industries's payout ratio is currently -230.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WGO shares. Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Truist Financial reduced their price objective on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. KeyCorp reduced their price objective on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Robert W. Baird reduced their price objective on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Finally, DA Davidson upgraded Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Winnebago Industries 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.