Monarch Partners Asset Management LLC Invests $5.06 Million in Winnebago Industries, Inc. (WGO)
Monarch Partners Asset Management LLC purchased a new stake in Winnebago Industries, Inc. (NYSE:WGO) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 144,685 shares of the construction company’s stock, valued at approximately $5,064,000.
A number of other large investors have also modified their holdings of WGO. Schwab Charles Investment Management Inc. boosted its stake in shares of Winnebago Industries by 23.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 149,028 shares of the construction company’s stock valued at $5,216,000 after buying an additional 28,688 shares during the period. Trexquant Investment LP acquired a new stake in shares of Winnebago Industries during the second quarter valued at approximately $1,244,000. SignalPoint Asset Management LLC acquired a new stake in shares of Winnebago Industries during the second quarter valued at approximately $932,000. Anchor Capital Advisors LLC boosted its stake in shares of Winnebago Industries by 0.4% in the second quarter. Anchor Capital Advisors LLC now owns 34,239 shares of the construction company’s stock valued at $1,198,000 after buying an additional 150 shares during the period. Finally, First Manhattan Co. acquired a new stake in shares of Winnebago Industries during the second quarter valued at approximately $3,106,000. 77.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Winnebago Industries, Inc. (NYSE:WGO) opened at 34.85 on Friday. Winnebago Industries, Inc. has a 12 month low of $22.11 and a 12 month high of $39.30. The company has a market capitalization of $1.10 billion, a PE ratio of 17.41 and a beta of 1.98. The firm’s 50-day moving average is $35.19 and its 200 day moving average is $30.81.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, June 21st. The construction company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.22. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The company had revenue of $476.40 million for the quarter, compared to analyst estimates of $440.94 million. During the same period last year, the firm earned $0.53 earnings per share. The firm’s revenue was up 75.1% on a year-over-year basis. Equities research analysts predict that Winnebago Industries, Inc. will post $2.23 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis 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%.
Several brokerages have commented on WGO. BidaskClub cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Stifel Nicolaus began coverage on shares of Winnebago Industries in a research report on Thursday, July 6th. They set a “buy” rating and a $40.00 price target on the stock. BMO Capital Markets reissued a “market perform” rating and set a $34.00 price target (up from $29.00) on shares of Winnebago Industries in a research report on Thursday, June 22nd. Finally, CL King began coverage on shares of Winnebago Industries in a research report on Monday, April 24th. They set a “buy” rating and a $32.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus 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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