Money Concepts Capital Corp Makes New $1.35 Million Investment in Winnebago Industries, Inc. $WGO

Money Concepts Capital Corp acquired a new position in Winnebago Industries, Inc. (NYSE:WGO) in the 4th quarter, HoldingsChannel reports. The firm acquired 33,374 shares of the RV manufacturer’s stock, valued at approximately $1,352,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allianz Asset Management GmbH lifted its stake in shares of Winnebago Industries by 30.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 54,597 shares of the RV manufacturer’s stock valued at $1,826,000 after purchasing an additional 12,872 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Winnebago Industries in the 3rd quarter valued at approximately $1,093,000. Royce & Associates LP purchased a new position in shares of Winnebago Industries in the 3rd quarter valued at approximately $6,838,000. Gamco Investors INC. ET AL lifted its stake in shares of Winnebago Industries by 55.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 225,429 shares of the RV manufacturer’s stock valued at $7,538,000 after purchasing an additional 80,559 shares during the period. Finally, UBS Group AG lifted its stake in shares of Winnebago Industries by 224.7% in the 4th quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock valued at $54,870,000 after purchasing an additional 937,140 shares during the period.

Winnebago Industries Stock Down 2.9%

WGO stock opened at $29.62 on Wednesday. Winnebago Industries, Inc. has a twelve month low of $28.00 and a twelve month high of $50.16. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The firm has a market cap of $837.22 million, a PE ratio of 20.15 and a beta of 1.17. The business has a 50 day moving average of $33.09 and a 200 day moving average of $38.53.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The firm had revenue of $657.40 million during the quarter, compared to analysts’ expectations of $628.00 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that Winnebago Industries, Inc. will post 2.33 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were paid a $0.35 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 4.7%. Winnebago Industries’s payout ratio is currently 95.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WGO shares. Robert W. Baird lowered their target price on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Citigroup lowered their target price on Winnebago Industries from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Wall Street Zen cut Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Truist Financial lowered their target price on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, BMO Capital Markets lowered their target price on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.30.

Winnebago Industries Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.