Yousif Capital Management LLC Reduces Position in Winnebago Industries, Inc. (NYSE:WGO)

Yousif Capital Management LLC lowered its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,627 shares of the construction company’s stock after selling 370 shares during the period. Yousif Capital Management LLC’s holdings in Winnebago Industries were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WGO. First Trust Advisors LP boosted its position in shares of Winnebago Industries by 40.6% in the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after buying an additional 474,273 shares during the period. BNP Paribas Financial Markets raised its position in shares of Winnebago Industries by 1,930.2% during the 4th quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock worth $15,369,000 after purchasing an additional 305,818 shares during the period. Barclays PLC raised its position in shares of Winnebago Industries by 494.5% during the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock worth $14,081,000 after purchasing an additional 245,131 shares during the period. Renaissance Technologies LLC raised its position in shares of Winnebago Industries by 204.8% during the 4th quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company’s stock worth $10,225,000 after purchasing an additional 143,800 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of Winnebago Industries during the 4th quarter worth approximately $6,326,000.

Winnebago Industries Price Performance

Shares of NYSE:WGO opened at $31.25 on Friday. Winnebago Industries, Inc. has a 1 year low of $28.29 and a 1 year high of $65.65. The business has a fifty day simple moving average of $33.16 and a 200 day simple moving average of $39.96. The company has a current ratio of 2.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. The firm has a market cap of $875.57 million, a price-to-earnings ratio of -124.99 and a beta of 1.07.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 3.73% and a negative net margin of 0.21%. The company had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. During the same period last year, the company earned $0.93 earnings per share. The business’s revenue was down 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.36 annualized dividend and a yield of 4.35%. Winnebago Industries’s dividend payout ratio (DPR) is currently -544.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WGO. Wall Street Zen cut Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Saturday. BMO Capital Markets reduced their price objective on Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday. Baird R W lowered Winnebago Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Benchmark decreased their target price on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Finally, DA Davidson upgraded Winnebago Industries to a “hold” rating in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.00.

Insider Buying and Selling at Winnebago Industries

In related news, Director Kevin E. Bryant bought 4,200 shares of the business’s stock in a transaction on Monday, March 31st. The shares were bought at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. This represents a 43.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.63% of the company’s stock.

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.