Aviance Capital Partners LLC Purchases 1,230 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Aviance Capital Partners LLC raised its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 6.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,519 shares of the construction company’s stock after purchasing an additional 1,230 shares during the quarter. Aviance Capital Partners LLC owned 0.07% of Winnebago Industries worth $1,444,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. UBS Group AG lifted its position in shares of Winnebago Industries by 3,893.2% during the 3rd quarter. UBS Group AG now owns 45,083 shares of the construction company’s stock worth $2,680,000 after buying an additional 43,954 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Winnebago Industries by 4.4% in the third quarter. Invesco Ltd. now owns 269,904 shares of the construction company’s stock worth $16,046,000 after acquiring an additional 11,393 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Winnebago Industries by 470.7% during the 3rd quarter. Stifel Financial Corp now owns 69,972 shares of the construction company’s stock valued at $4,161,000 after purchasing an additional 57,711 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Winnebago Industries by 179.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 81,466 shares of the construction company’s stock valued at $4,843,000 after purchasing an additional 52,286 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Winnebago Industries during the 3rd quarter worth approximately $1,452,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WGO. Truist Financial decreased their target price on shares of Winnebago Industries from $76.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Roth Mkm dropped their target price on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. DA Davidson boosted their price target on Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th. BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Finally, Robert W. Baird reduced their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.50.

Winnebago Industries Stock Down 1.5 %

Shares of NYSE WGO opened at $53.41 on Tuesday. The company’s 50 day moving average price is $59.74 and its 200-day moving average price is $65.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. Winnebago Industries, Inc. has a 52-week low of $51.02 and a 52-week high of $75.42. The company has a market capitalization of $1.55 billion, a P/E ratio of 20.62 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The firm had revenue of $786.00 million during the quarter, compared to analyst estimates of $798.26 million. During the same quarter in the previous year, the firm earned $2.13 EPS. Winnebago Industries’s quarterly revenue was down 12.7% on a year-over-year basis. Equities analysts forecast that Winnebago Industries, Inc. will post 4.29 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were issued a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.32%. Winnebago Industries’s payout ratio is currently 47.88%.

About Winnebago Industries

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.