State of New Jersey Common Pension Fund D Makes New $2.04 Million Investment in Winnebago Industries, Inc. (NYSE:WGO)

State of New Jersey Common Pension Fund D bought a new stake in Winnebago Industries, Inc. (NYSE:WGOGet Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 38,377 shares of the construction company’s stock, valued at approximately $2,042,000. State of New Jersey Common Pension Fund D owned about 0.12% of Winnebago Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WGO. Advisors Asset Management Inc. grew its position in shares of Winnebago Industries by 71.8% in the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock valued at $34,000 after buying an additional 260 shares during the last quarter. Amundi increased its position in Winnebago Industries by 180.5% during the 2nd quarter. Amundi now owns 777 shares of the construction company’s stock valued at $40,000 after purchasing an additional 500 shares during the period. Wipfli Financial Advisors LLC bought a new position in shares of Winnebago Industries during the 3rd quarter worth approximately $51,000. EMC Capital Management boosted its holdings in shares of Winnebago Industries by 50.9% during the 2nd quarter. EMC Capital Management now owns 3,117 shares of the construction company’s stock worth $151,000 after buying an additional 1,051 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Winnebago Industries by 79.6% during the 1st quarter. Captrust Financial Advisors now owns 3,134 shares of the construction company’s stock worth $169,000 after buying an additional 1,389 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors.

Winnebago Industries Stock Performance

Shares of WGO opened at $56.87 on Friday. The company has a market cap of $1.74 billion, a PE ratio of 5.37 and a beta of 1.57. The company has a current ratio of 2.42, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $56.91 and a 200-day moving average price of $57.48. Winnebago Industries, Inc. has a 12-month low of $43.05 and a 12-month high of $72.44.

Winnebago Industries (NYSE:WGOGet Rating) last issued its quarterly earnings results on Wednesday, October 19th. The construction company reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.03. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Winnebago Industries had a return on equity of 32.66% and a net margin of 7.39%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $2.57 EPS. As a group, equities analysts forecast that Winnebago Industries, Inc. will post 7.29 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 11th will be given a $0.27 dividend. The ex-dividend date is Tuesday, January 10th. This represents a $1.08 dividend on an annualized basis and a yield of 1.90%. Winnebago Industries’s payout ratio is 10.19%.

Analyst Upgrades and Downgrades

WGO has been the topic of a number of research analyst reports. Citigroup increased their price target on Winnebago Industries from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, December 19th. DA Davidson cut their target price on Winnebago Industries from $60.00 to $54.00 in a report on Monday, October 24th. StockNews.com upgraded Winnebago Industries from a “hold” rating to a “buy” rating in a report on Thursday, October 20th. Finally, MKM Partners lowered their price target on Winnebago Industries to $53.00 in a research report on Thursday, October 20th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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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