Teacher Retirement System of Texas Makes New $254,000 Investment in Winnebago Industries, Inc. (NYSE:WGO)

Teacher Retirement System of Texas bought a new position in shares of Winnebago Industries, Inc. (NYSE:WGO) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 7,362 shares of the construction company’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Winnebago Industries by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock valued at $104,250,000 after buying an additional 48,517 shares during the last quarter. First Trust Advisors LP boosted its stake in Winnebago Industries by 40.6% in the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after purchasing an additional 474,273 shares in the last quarter. Millennium Management LLC boosted its stake in Winnebago Industries by 20.0% in the 4th quarter. Millennium Management LLC now owns 571,334 shares of the construction company’s stock worth $27,298,000 after purchasing an additional 95,113 shares in the last quarter. Northern Trust Corp boosted its stake in Winnebago Industries by 11.3% in the 4th quarter. Northern Trust Corp now owns 345,226 shares of the construction company’s stock worth $16,495,000 after purchasing an additional 35,177 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Winnebago Industries by 1,930.2% in 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 in the last quarter.

Winnebago Industries Price Performance

Winnebago Industries stock opened at $29.63 on Friday. The company has a 50-day moving average price of $32.70 and a 200 day moving average price of $36.90. Winnebago Industries, Inc. has a 12-month low of $28.00 and a 12-month high of $65.65. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44. The stock has a market cap of $830.53 million, a P/E ratio of -50.22 and a beta of 1.01.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The company had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. During the same period in the prior year, the firm earned $1.13 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Wednesday, June 11th. Winnebago Industries’s payout ratio is currently -230.51%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WGO shares. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $50.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, June 26th. Citigroup reduced their price target on shares of Winnebago Industries from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. Benchmark reduced their price target on shares of Winnebago Industries from $60.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, June 30th. Baird R W lowered shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, DA Davidson raised shares of Winnebago Industries to a “hold” rating in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, 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.