Louisiana State Employees Retirement System Invests $1.09 Million in Winnebago Industries, Inc. (NYSE:WGO)

Louisiana State Employees Retirement System bought a new position in shares of Winnebago Industries, Inc. (NYSE:WGO) during the fourth quarter, Holdings Channel reports. The fund bought 15,000 shares of the construction company’s stock, valued at approximately $1,093,000.

Other large investors have also recently bought and sold shares of the company. Broad Peak Investment Holdings Ltd. raised its position in Winnebago Industries by 108.2% during the fourth quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock valued at $53,325,000 after buying an additional 380,200 shares during the period. IFG Advisory LLC raised its position in Winnebago Industries by 68.2% during the fourth quarter. IFG Advisory LLC now owns 65,789 shares of the construction company’s stock valued at $4,795,000 after buying an additional 26,669 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in Winnebago Industries during the third quarter valued at $1,452,000. Pacer Advisors Inc. raised its position in Winnebago Industries by 44.7% during the fourth quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock valued at $49,212,000 after buying an additional 208,452 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in Winnebago Industries by 179.2% during the third quarter. Qube Research & Technologies Ltd now owns 81,466 shares of the construction company’s stock valued at $4,843,000 after buying an additional 52,286 shares during the period.

Analysts Set New Price Targets

Several research analysts recently weighed in on WGO shares. Roth Mkm reissued a “neutral” rating and set a $70.00 price target on shares of Winnebago Industries in a research report on Thursday, March 21st. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Finally, DA Davidson boosted their target price on Winnebago Industries from $64.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.80.

Winnebago Industries Stock Performance

Shares of NYSE WGO opened at $64.97 on Wednesday. The business’s 50-day moving average price is $67.74 and its two-hundred day moving average price is $66.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.52. Winnebago Industries, Inc. has a one year low of $54.70 and a one year high of $75.42. The company has a market capitalization of $1.90 billion, a P/E ratio of 19.45 and a beta of 1.71.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $703.60 million during the quarter, compared to the consensus estimate of $692.63 million. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. Analysts anticipate that Winnebago Industries, Inc. will post 5.15 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.24 annualized dividend and a dividend yield of 1.91%. Winnebago Industries’s dividend payout ratio (DPR) is presently 37.13%.

Winnebago Industries Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.