Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO – Get Rating) by 26.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,003 shares of the construction company’s stock after buying an additional 1,471 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Winnebago Industries were worth $373,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Winnebago Industries by 13.7% during the first quarter. Vanguard Group Inc. now owns 2,807,506 shares of the construction company’s stock worth $151,689,000 after buying an additional 338,099 shares in the last quarter. Cooke & Bieler LP boosted its stake in Winnebago Industries by 13.2% during the second quarter. Cooke & Bieler LP now owns 2,371,057 shares of the construction company’s stock worth $115,139,000 after buying an additional 276,970 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Winnebago Industries by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,469,012 shares of the construction company’s stock worth $79,374,000 after buying an additional 51,958 shares in the last quarter. State Street Corp boosted its stake in Winnebago Industries by 1.4% during the second quarter. State Street Corp now owns 1,130,973 shares of the construction company’s stock worth $54,920,000 after buying an additional 15,957 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Winnebago Industries by 6,157.2% during the second quarter. Millennium Management LLC now owns 834,832 shares of the construction company’s stock worth $40,539,000 after buying an additional 821,490 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on WGO shares. Citigroup lifted their price target on shares of Winnebago Industries from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, December 19th. DA Davidson reduced their target price on shares of Winnebago Industries from $60.00 to $54.00 in a research note on Monday, October 24th. StockNews.com upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating in a research note on Thursday, October 20th. Finally, MKM Partners reduced their target price on shares of Winnebago Industries to $53.00 in a research note on Thursday, October 20th. Two equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.67.
Winnebago Industries Stock Performance
Winnebago Industries (NYSE:WGO – Get Rating) last released its quarterly earnings results on Wednesday, October 19th. The construction company reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.03. Winnebago Industries had a return on equity of 32.66% and a net margin of 7.39%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business posted $2.57 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Winnebago Industries, Inc. will post 7.29 earnings per share for the current fiscal year.
Winnebago Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 11th will be issued a $0.27 dividend. The ex-dividend date is Tuesday, January 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.75%. Winnebago Industries’s dividend payout ratio is 10.19%.
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 in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.
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