Olstein Capital Management L.P. Cuts Position in Winnebago Industries, Inc. (NYSE:WGO)

Olstein Capital Management L.P. cut its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,000 shares of the construction company's stock after selling 19,105 shares during the period. Olstein Capital Management L.P. owned about 0.20% of Winnebago Industries worth $4,154,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of Winnebago Industries in the 4th quarter worth $26,000. Advisors Asset Management Inc. boosted its holdings in Winnebago Industries by 71.8% in the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company's stock worth $34,000 after buying an additional 260 shares during the period. Industrial Alliance Investment Management Inc. bought a new position in Winnebago Industries in the 4th quarter worth $48,000. Amundi boosted its holdings in Winnebago Industries by 27.3% in the 4th quarter. Amundi now owns 1,709 shares of the construction company's stock worth $106,000 after buying an additional 367 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Winnebago Industries by 79.6% during the 1st quarter. Captrust Financial Advisors now owns 3,134 shares of the construction company's stock valued at $169,000 after purchasing an additional 1,389 shares during the last quarter.

Winnebago Industries Trading Up 1.0 %

Winnebago Industries stock traded up $0.73 during midday trading on Monday, reaching $70.74. The stock had a trading volume of 395,621 shares, compared to its average volume of 602,053. The company has a quick ratio of 1.52, a current ratio of 2.84 and a debt-to-equity ratio of 0.52. Winnebago Industries, Inc. has a 52-week low of $54.70 and a 52-week high of $75.42. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 21.18 and a beta of 1.71. The company has a fifty day moving average of $68.38 and a 200 day moving average of $66.15.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its earnings results on Thursday, March 21st. The construction company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. The business had revenue of $703.60 million for the quarter, compared to analyst estimates of $692.63 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. On average, analysts anticipate that Winnebago Industries, Inc. will post 5.28 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%. Winnebago Industries's dividend payout ratio is presently 37.13%.

Wall Street Analysts Forecast Growth

Several research firms have commented on WGO. StockNews.com raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a report on Friday. DA Davidson increased their price target on shares of Winnebago Industries from $64.00 to $66.00 and gave the company a "neutral" rating in a report on Tuesday, March 26th. Roth Mkm reaffirmed a "neutral" rating and issued a $70.00 price target on shares of Winnebago Industries in a report on Thursday, March 21st. Finally, Truist Financial lowered their price target on shares of Winnebago Industries from $74.00 to $70.00 and set a "buy" rating for the company in a report on Wednesday, December 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $71.80.

Winnebago Industries 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.