Allworth Financial LP Purchases 633 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Allworth Financial LP increased its position in Winnebago Industries, Inc. (NYSE:WGO) by 61.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,663 shares of the construction company’s stock after buying an additional 633 shares during the quarter. Allworth Financial LP’s holdings in Winnebago Industries were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in WGO. Swiss National Bank increased its stake in shares of Winnebago Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after buying an additional 400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Winnebago Industries by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,084 shares of the construction company’s stock worth $768,000 after purchasing an additional 591 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Winnebago Industries by 304.9% in the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock worth $28,000 after purchasing an additional 622 shares during the period. Signal Advisors Wealth LLC boosted its stake in shares of Winnebago Industries by 3.3% in the 1st quarter. Signal Advisors Wealth LLC now owns 20,356 shares of the construction company’s stock valued at $702,000 after purchasing an additional 643 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock valued at $28,000 after purchasing an additional 711 shares during the last quarter.

Winnebago Industries Stock Performance

WGO opened at $29.63 on Friday. Winnebago Industries, Inc. has a 1-year low of $28.00 and a 1-year high of $65.65. The company has a market cap of $830.53 million, a price-to-earnings ratio of -50.22 and a beta of 1.01. The company’s fifty day moving average price is $32.70 and its two-hundred day moving average price is $36.97. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The company had revenue of $775.10 million for the quarter, compared to analysts’ expectations of $808.15 million. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Winnebago Industries’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Wednesday, June 11th. Winnebago Industries’s dividend payout ratio (DPR) is currently -230.51%.

Analyst Upgrades and Downgrades

WGO has been the subject of a number of analyst reports. Citigroup lowered their target price on shares of Winnebago Industries from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. BMO Capital Markets lowered their price objective on Winnebago Industries from $50.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, June 26th. Benchmark cut their target price on Winnebago Industries from $60.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, June 30th. Truist Financial decreased their target price on Winnebago Industries from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Finally, Robert W. Baird dropped their price target on Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, June 26th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.33.

About Winnebago Industries

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.