Winnebago Industries, Inc. $WGO Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC trimmed its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 1.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,090 shares of the construction company’s stock after selling 293 shares during the period. MetLife Investment Management LLC owned 0.06% of Winnebago Industries worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of WGO. BNP Paribas Financial Markets lifted its holdings in 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 buying an additional 305,818 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new stake in Winnebago Industries during the 1st quarter worth about $6,260,000. Two Sigma Investments LP purchased a new stake in Winnebago Industries during the 4th quarter worth about $6,326,000. Nuveen LLC purchased a new stake in Winnebago Industries during the 1st quarter worth about $3,899,000. Finally, Janus Henderson Group PLC lifted its holdings in Winnebago Industries by 54.8% during the 4th quarter. Janus Henderson Group PLC now owns 281,025 shares of the construction company’s stock worth $13,427,000 after buying an additional 99,446 shares during the last quarter.

Winnebago Industries Stock Performance

NYSE WGO opened at $36.77 on Monday. The company has a quick ratio of 0.89, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. Winnebago Industries, Inc. has a 52-week low of $28.00 and a 52-week high of $65.65. The business’s 50-day moving average price is $32.59 and its 200 day moving average price is $33.51. The firm has a market cap of $1.03 billion, a P/E ratio of -62.32 and a beta of 1.15.

Winnebago Industries (NYSE:WGO) last released 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 positive return on equity of 2.86% and a negative net margin of 0.62%.The firm had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. During the same quarter last year, the company posted $1.13 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. On average, equities research analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Increases Dividend

The business 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 is an increase from Winnebago Industries’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, September 10th. Winnebago Industries’s dividend payout ratio is -230.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WGO. BMO Capital Markets decreased their price target on Winnebago Industries from $50.00 to $42.00 and set an “outperform” rating for the company in a 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. Citigroup lifted their target price on Winnebago Industries from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Robert W. Baird cut their target price on Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, June 26th. Finally, KeyCorp cut their target price on Winnebago Industries from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, June 26th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.67.

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.