American Century Companies Inc. Sells 191,252 Shares of Winnebago Industries, Inc. $WGO

American Century Companies Inc. decreased its stake in Winnebago Industries, Inc. (NYSE:WGO) by 37.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,709 shares of the construction company’s stock after selling 191,252 shares during the quarter. American Century Companies Inc. owned approximately 1.16% of Winnebago Industries worth $11,189,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WGO. Farther Finance Advisors LLC boosted its stake in Winnebago Industries by 36,000.0% in the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company’s stock worth $25,000 after purchasing an additional 720 shares in the last quarter. Versant Capital Management Inc increased its holdings in Winnebago Industries by 304.9% in the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock valued at $28,000 after purchasing an additional 622 shares during the last quarter. Parallel Advisors LLC increased its holdings in Winnebago Industries by 629.2% in the first 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. Signaturefd LLC bought a new stake in shares of Winnebago Industries in the first quarter worth about $31,000. Finally, Allworth Financial LP increased its holdings in shares of Winnebago Industries by 61.5% in the first quarter. Allworth Financial LP now owns 1,663 shares of the construction company’s stock worth $55,000 after acquiring an additional 633 shares in the last quarter.

Analyst Upgrades and Downgrades

WGO has been the subject of a number of research reports. Wall Street Zen upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Sunday, June 29th. Truist Financial decreased their price objective on Winnebago Industries from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, June 26th. Citigroup increased their price objective on Winnebago Industries from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Robert W. Baird decreased their price target on Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, June 26th. Finally, KeyCorp decreased their price target on Winnebago Industries from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, June 26th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.67.

Winnebago Industries Stock Performance

NYSE:WGO opened at $35.93 on Wednesday. The stock has a market cap of $1.01 billion, a P/E ratio of -60.90 and a beta of 1.06. The stock has a 50 day simple moving average of $31.68 and a 200 day simple moving average of $34.05. 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, Inc. has a 1-year low of $28.00 and a 1-year high of $65.65.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $775.10 million during the quarter, compared to analysts’ expectations of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%.The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.13 EPS. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. Research analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 10th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.34. Winnebago Industries’s payout ratio is -230.51%.

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.