MQS Management LLC Buys New Position in Winnebago Industries, Inc. (NYSE:WGO)

MQS Management LLC purchased a new position in shares of Winnebago Industries, Inc. (NYSE:WGO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,644 shares of the construction company’s stock, valued at approximately $1,025,000. Winnebago Industries comprises approximately 0.6% of MQS Management LLC’s investment portfolio, making the stock its 16th largest holding. MQS Management LLC owned 0.06% of Winnebago Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WGO. 1832 Asset Management L.P. grew its position in shares of Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after purchasing an additional 832,187 shares during the period. Pacer Advisors Inc. increased its stake in shares of Winnebago Industries by 47.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after acquiring an additional 463,257 shares during the last quarter. Millennium Management LLC increased its stake in shares of Winnebago Industries by 1,772.8% during the 2nd quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after acquiring an additional 199,264 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Winnebago Industries during the 2nd quarter worth about $9,708,000. Finally, Marshall Wace LLP acquired a new stake in shares of Winnebago Industries in the second quarter worth approximately $7,976,000.

Winnebago Industries Stock Performance

Shares of NYSE:WGO opened at $62.59 on Wednesday. The business’s 50-day simple moving average is $57.75 and its 200 day simple moving average is $58.13. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The company has a market cap of $1.81 billion, a P/E ratio of 208.64 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The business had revenue of $720.90 million during the quarter, compared to analysts’ expectations of $718.72 million. During the same period in the prior year, the company posted $1.59 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Winnebago Industries, Inc. will post 3.62 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a $0.34 dividend. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, September 11th. Winnebago Industries’s payout ratio is currently 453.35%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director William C. Fisher acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the purchase, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Winnebago Industries news, Director William C. Fisher acquired 2,000 shares of Winnebago Industries stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director now owns 32,267 shares in the company, valued at approximately $1,768,554.27. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the sale, the senior vice president now owns 23,728 shares in the company, valued at approximately $1,343,953.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.63% of the company’s stock.

Analysts Set New Price Targets

WGO has been the subject of several research analyst reports. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Truist Financial lowered their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Robert W. Baird cut their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, BMO Capital Markets reduced their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Winnebago Industries presently has an average rating of “Moderate Buy” and an average price target of $68.13.

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.