Cwm LLC Reduces Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Cwm LLC cut its stake in Winnebago Industries, Inc. (NYSE:WGO) by 38.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,671 shares of the construction company’s stock after selling 13,507 shares during the period. Cwm LLC owned approximately 0.07% of Winnebago Industries worth $1,579,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Broad Peak Investment Holdings Ltd. grew its position in shares of Winnebago Industries by 108.2% in 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 purchasing an additional 380,200 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Winnebago Industries by 44.7% in the fourth quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock valued at $49,212,000 after purchasing an additional 208,452 shares during the last quarter. American Century Companies Inc. grew its position in shares of Winnebago Industries by 10.9% in the third quarter. American Century Companies Inc. now owns 471,203 shares of the construction company’s stock valued at $28,013,000 after purchasing an additional 46,325 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Winnebago Industries by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 460,941 shares of the construction company’s stock valued at $27,403,000 after purchasing an additional 16,036 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Winnebago Industries by 4.4% in the third quarter. Invesco Ltd. now owns 269,904 shares of the construction company’s stock valued at $16,046,000 after purchasing an additional 11,393 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Winnebago Industries Stock Up 0.9 %

Shares of NYSE WGO opened at $63.06 on Friday. Winnebago Industries, Inc. has a 1 year low of $54.70 and a 1 year high of $75.42. The firm’s 50 day moving average price is $67.38 and its 200 day moving average price is $66.54. The firm has a market cap of $1.85 billion, a P/E ratio of 18.88 and a beta of 1.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.84.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $703.60 million for the quarter, compared to analyst estimates of $692.63 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. As a group, sell-side analysts anticipate that Winnebago Industries, Inc. will post 5.15 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a $0.31 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.97%. Winnebago Industries’s dividend payout ratio (DPR) is presently 37.13%.

Winnebago Industries Company 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.