Duality Advisers LP Purchases New Position in Winnebago Industries, Inc. (NYSE:WGO)

Duality Advisers LP purchased a new stake in Winnebago Industries, Inc. (NYSE:WGO) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,374 shares of the construction company’s stock, valued at approximately $1,212,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WGO. Verdence Capital Advisors LLC increased its holdings in shares of Winnebago Industries by 8.6% in the first quarter. Verdence Capital Advisors LLC now owns 4,196 shares of the construction company’s stock valued at $311,000 after purchasing an additional 331 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Winnebago Industries in the fourth quarter valued at approximately $30,000. Principal Securities Inc. acquired a new stake in shares of Winnebago Industries in the fourth quarter valued at approximately $39,000. Keeley Teton Advisors LLC increased its holdings in shares of Winnebago Industries by 4.9% in the fourth quarter. Keeley Teton Advisors LLC now owns 21,509 shares of the construction company’s stock valued at $1,568,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Winnebago Industries by 0.7% in the first quarter. Principal Financial Group Inc. now owns 171,110 shares of the construction company’s stock valued at $12,662,000 after purchasing an additional 1,163 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WGO shares. Roth Mkm cut their price target on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, June 21st. BMO Capital Markets lowered their price objective on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Truist Financial lowered their price objective on Winnebago Industries from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Monday. Finally, Citigroup increased their price objective on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $68.67.

Winnebago Industries Trading Up 4.2 %

Shares of WGO traded up $2.31 during midday trading on Friday, hitting $56.87. 1,067,603 shares of the stock were exchanged, compared to its average volume of 585,000. Winnebago Industries, Inc. has a 52-week low of $49.68 and a 52-week high of $75.42. The stock has a fifty day simple moving average of $58.03 and a 200 day simple moving average of $64.34. The firm has a market cap of $1.65 billion, a P/E ratio of 21.98 and a beta of 1.66. 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 (NYSE:WGO) last released its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 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 analysts’ expectations of $798.26 million. During the same quarter in the prior year, the business earned $2.13 earnings per share. The company’s quarterly revenue was down 12.7% on a year-over-year basis. On average, research analysts anticipate that Winnebago Industries, Inc. will post 4.29 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Wednesday, June 12th. 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.