Bank of Montreal Can lowered its position in Winnebago Industries, Inc. (NYSE:WGO) by 9.2% during the second quarter, Holdings Channel reports. The institutional investor owned 59,682 shares of the construction company’s stock after selling 6,030 shares during the period. Bank of Montreal Can’s holdings in Winnebago Industries were worth $2,089,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Lawson Kroeker Investment Management Inc. NE raised its stake in Winnebago Industries by 55.4% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 131,025 shares of the construction company’s stock worth $4,586,000 after buying an additional 46,725 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Winnebago Industries during the first quarter worth approximately $3,428,000. Legal & General Group Plc raised its stake in Winnebago Industries by 4.1% in the first quarter. Legal & General Group Plc now owns 48,846 shares of the construction company’s stock worth $1,429,000 after buying an additional 1,907 shares in the last quarter. Oxford Asset Management acquired a new stake in Winnebago Industries during the first quarter worth approximately $1,244,000. Finally, Stoneridge Investment Partners LLC raised its stake in Winnebago Industries by 43.0% in the first quarter. Stoneridge Investment Partners LLC now owns 27,978 shares of the construction company’s stock worth $818,000 after buying an additional 8,407 shares in the last quarter. 77.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Winnebago Industries, Inc. (NYSE:WGO) traded up 2.65% during trading on Friday, hitting $34.85. 457,097 shares of the stock traded hands. The firm has a 50-day moving average of $35.19 and a 200-day moving average of $30.81. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 17.41 and a beta of 1.98. Winnebago Industries, Inc. has a 1-year low of $22.11 and a 1-year high of $39.30.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, June 21st. The construction company reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.22. The firm had revenue of $476.40 million during the quarter, compared to the consensus estimate of $440.94 million. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The company’s revenue for the quarter was up 75.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. On average, equities analysts forecast that Winnebago Industries, Inc. will post $2.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, July 10th. Winnebago Industries’s payout ratio is currently 20.00%.

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WGO has been the subject of a number of analyst reports. CL King initiated coverage on shares of Winnebago Industries in a report on Monday, April 24th. They set a “buy” rating and a $32.00 target price for the company. BidaskClub raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a $34.00 target price (up previously from $29.00) on shares of Winnebago Industries in a report on Thursday, June 22nd. Finally, Stifel Nicolaus initiated coverage on shares of Winnebago Industries in a report on Thursday, July 6th. They set a “buy” rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $34.83.

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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Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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