Wipfli Financial Advisors LLC Invests $51,000 in Winnebago Industries, Inc. (NYSE:WGO)

Wipfli Financial Advisors LLC purchased a new position in shares of Winnebago Industries, Inc. (NYSE:WGOGet Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 960 shares of the construction company’s stock, valued at approximately $51,000.

A number of other hedge funds have also made changes to their positions in the stock. Millennium Management LLC boosted its holdings in Winnebago Industries by 6,157.2% in the second quarter. Millennium Management LLC now owns 834,832 shares of the construction company’s stock worth $40,539,000 after purchasing an additional 821,490 shares during the period. Vanguard Group Inc. boosted its holdings in Winnebago Industries by 13.7% in the first quarter. Vanguard Group Inc. now owns 2,807,506 shares of the construction company’s stock worth $151,689,000 after purchasing an additional 338,099 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Winnebago Industries by 395.3% in the second quarter. Cubist Systematic Strategies LLC now owns 409,444 shares of the construction company’s stock worth $19,883,000 after purchasing an additional 326,780 shares during the period. Cooke & Bieler LP boosted its holdings in Winnebago Industries by 13.2% in the second quarter. Cooke & Bieler LP now owns 2,371,057 shares of the construction company’s stock worth $115,139,000 after purchasing an additional 276,970 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Winnebago Industries in the second quarter worth $8,367,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $61.25 on Monday. Winnebago Industries, Inc. has a fifty-two week low of $43.05 and a fifty-two week high of $75.76. The firm’s 50-day simple moving average is $57.03 and its 200 day simple moving average is $57.33. The company has a quick ratio of 1.15, a current ratio of 2.42 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1.87 billion, a P/E ratio of 5.78 and a beta of 1.57.

Winnebago Industries (NYSE:WGOGet Rating) last issued its quarterly earnings results on Wednesday, October 19th. The construction company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.99 by $0.03. Winnebago Industries had a net margin of 7.39% and a return on equity of 32.66%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business earned $2.57 earnings per share. Winnebago Industries’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts expect that Winnebago Industries, Inc. will post 7.29 EPS for the current year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Wednesday, January 11th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.76%. The ex-dividend date is Tuesday, January 10th. Winnebago Industries’s dividend payout ratio (DPR) is presently 10.19%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WGO shares. StockNews.com raised shares of Winnebago Industries from a “hold” rating to a “buy” rating in a report on Thursday, October 20th. Citigroup boosted their price target on shares of Winnebago Industries from $67.00 to $70.00 and gave the company a “buy” rating in a report on Monday, December 19th. MKM Partners reduced their price target on shares of Winnebago Industries to $53.00 in a report on Thursday, October 20th. Finally, DA Davidson reduced their price target on shares of Winnebago Industries from $60.00 to $54.00 in a report on Monday, October 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.67.

Winnebago Industries Profile

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Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.

Further Reading

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

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