1832 Asset Management L.P. Has $61.92 Million Stake in Winnebago Industries, Inc. (NYSE:WGO)

1832 Asset Management L.P. boosted its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 13.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,142,404 shares of the construction company’s stock after buying an additional 138,327 shares during the period. 1832 Asset Management L.P. owned approximately 3.95% of Winnebago Industries worth $61,918,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in Winnebago Industries during the fourth quarter worth about $39,000. Innealta Capital LLC acquired a new stake in shares of Winnebago Industries in the 2nd quarter valued at approximately $45,000. EntryPoint Capital LLC acquired a new stake in shares of Winnebago Industries in the 1st quarter valued at approximately $75,000. nVerses Capital LLC acquired a new stake in shares of Winnebago Industries in the 2nd quarter valued at approximately $76,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Winnebago Industries in the 2nd quarter valued at approximately $110,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Citigroup raised their price target on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. BMO Capital Markets reduced their price target on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Benchmark started coverage on shares of Winnebago Industries in a report on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Winnebago Industries currently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Winnebago Industries Stock Down 0.7 %

Shares of NYSE WGO opened at $59.11 on Monday. The company has a 50 day simple moving average of $58.05 and a 200 day simple moving average of $60.37. The firm has a market cap of $1.71 billion, a PE ratio of 22.82 and a beta of 1.62. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35.

Winnebago Industries (NYSE:WGO) last released its quarterly 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 return on equity of 11.31% and a net margin of 2.84%. The firm had revenue of $786.00 million for the quarter, compared to the consensus estimate of $798.26 million. During the same quarter in the previous year, the business posted $2.13 EPS. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. On average, research analysts forecast that Winnebago Industries, Inc. will post 4.19 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a dividend of $0.34 per share. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.36 annualized dividend and a yield of 2.30%. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.

Insiders Place Their Bets

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total transaction of $193,247.34. Following the completion of the transaction, the senior vice president now owns 41,315 shares in the company, valued at approximately $2,395,443.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.75% of the company’s stock.

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.