Bank of New York Mellon Corp Boosts Stake in Winnebago Industries, Inc. (WGO)
Bank of New York Mellon Corp increased its position in Winnebago Industries, Inc. (NYSE:WGO) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 507,075 shares of the company’s stock after buying an additional 7,995 shares during the period. Bank of New York Mellon Corp’s holdings in Winnebago Industries were worth $11,952,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in shares of Winnebago Industries during the third quarter worth approximately $100,000. BNP Paribas Arbitrage SA increased its stake in shares of Winnebago Industries by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,769 shares of the company’s stock worth $201,000 after buying an additional 4,144 shares in the last quarter. HL Financial Services LLC increased its stake in shares of Winnebago Industries by 11.3% in the second quarter. HL Financial Services LLC now owns 89,051 shares of the company’s stock worth $2,041,000 after buying an additional 9,032 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Winnebago Industries by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 103,725 shares of the company’s stock worth $2,378,000 after buying an additional 1,920 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in shares of Winnebago Industries by 1.2% in the second quarter. Whittier Trust Co. now owns 57,056 shares of the company’s stock worth $1,307,000 after buying an additional 691 shares in the last quarter. 77.34% of the stock is owned by institutional investors.
Shares of Winnebago Industries, Inc. (NYSE:WGO) opened at 32.95 on Friday. The stock has a market cap of $1.04 billion, a P/E ratio of 18.52 and a beta of 2.05. The firm’s 50-day moving average price is $33.84 and its 200-day moving average price is $27.44. Winnebago Industries, Inc. has a 52-week low of $15.41 and a 52-week high of $39.30.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, December 21st. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. Winnebago Industries had a return on equity of 18.27% and a net margin of 4.84%. The company earned $245.30 million during the quarter. During the same quarter last year, the company posted $0.32 EPS. Winnebago Industries’s revenue was up 14.5% on a year-over-year basis. On average, equities research analysts forecast that Winnebago Industries, Inc. will post $2.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, January 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.21%. Winnebago Industries’s dividend payout ratio (DPR) is presently 22.35%.
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A number of equities research analysts have recently commented on WGO shares. Sidoti began coverage on Winnebago Industries in a research report on Friday, November 11th. They issued a “buy” rating and a $40.00 price objective for the company. Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Friday, December 23rd. BMO Capital Markets boosted their price target on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, October 4th. Finally, Robert W. Baird raised Winnebago Industries from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $25.00 to $30.00 in a research report on Monday, October 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Winnebago Industries presently has an average rating of “Buy” and an average target price of $35.75.
In related news, Director William C. Fisher acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, December 27th. The stock was bought at an average price of $33.80 per share, for a total transaction of $101,400.00. Following the transaction, the director now owns 11,600 shares of the company’s stock, valued at $392,080. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William C. Fisher acquired 1,000 shares of the business’s stock in a transaction dated Thursday, December 29th. The shares were bought at an average price of $31.30 per share, with a total value of $31,300.00. Following the transaction, the director now directly owns 12,600 shares in the company, valued at approximately $394,380. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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