Confluence Investment Management LLC Has $1.26 Million Holdings in Winnebago Industries, Inc. $WGO

Confluence Investment Management LLC trimmed its position in Winnebago Industries, Inc. (NYSE:WGO) by 37.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,023 shares of the RV manufacturer’s stock after selling 18,853 shares during the period. Confluence Investment Management LLC owned approximately 0.11% of Winnebago Industries worth $1,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of WGO. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Winnebago Industries by 90.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after buying an additional 364 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Winnebago Industries by 825.4% in the third quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock valued at $40,000 after purchasing an additional 1,073 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after purchasing an additional 309 shares in the last quarter. State of Wyoming boosted its holdings in Winnebago Industries by 151.4% during the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock worth $99,000 after purchasing an additional 2,051 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Winnebago Industries in the second quarter valued at $100,000.

Winnebago Industries Trading Up 0.9%

WGO opened at $33.40 on Friday. Winnebago Industries, Inc. has a twelve month low of $28.00 and a twelve month high of $50.16. The company has a fifty day moving average of $43.05 and a 200-day moving average of $38.77. The stock has a market cap of $942.58 million, a PE ratio of 26.09 and a beta of 1.14. The company has a quick ratio of 1.25, a current ratio of 2.69 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGO) last released its earnings results on Friday, December 19th. The RV manufacturer reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.26. Winnebago Industries had a net margin of 1.27% and a return on equity of 4.83%. The business had revenue of $702.70 million for the quarter, compared to analyst estimates of $628.51 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Winnebago Industries’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 4.2%. Winnebago Industries’s dividend payout ratio is presently 109.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WGO shares. DA Davidson lifted their target price on Winnebago Industries from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. Truist Financial lifted their price target on shares of Winnebago Industries from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Griffin Securities set a $40.00 price target on Winnebago Industries in a research note on Tuesday, December 23rd. Benchmark boosted their price objective on Winnebago Industries from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, December 23rd. Finally, Citigroup upped their target price on Winnebago Industries from $51.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.80.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.