Alps Advisors Inc. cut its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 47.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,365 shares of the construction company’s stock after selling 11,308 shares during the quarter. Alps Advisors Inc.’s holdings in Winnebago Industries were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WGO. Asset Management One Co. Ltd. purchased a new position in Winnebago Industries during the first quarter worth about $138,000. SG Americas Securities LLC purchased a new position in Winnebago Industries during the first quarter worth about $145,000. Robeco Institutional Asset Management B.V. purchased a new position in Winnebago Industries during the first quarter worth about $168,000. Amalgamated Bank purchased a new position in Winnebago Industries during the second quarter worth about $204,000. Finally, KBC Group NV purchased a new position in Winnebago Industries during the first quarter worth about $217,000. Hedge funds and other institutional investors own 88.84% of the company’s stock.
Several brokerages have commented on WGO. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Friday, June 22nd. Stifel Nicolaus set a $44.00 price target on Winnebago Industries and gave the stock a “hold” rating in a research note on Monday, May 7th. ValuEngine lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Finally, Northcoast Research restated a “buy” rating on shares of Winnebago Industries in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $53.60.
Shares of NYSE:WGO opened at $37.35 on Friday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 11.15 and a beta of 1.73. The company has a quick ratio of 1.03, a current ratio of 1.96 and a debt-to-equity ratio of 0.50. Winnebago Industries, Inc. has a 12 month low of $33.15 and a 12 month high of $58.65.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, June 20th. The construction company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.11. The company had revenue of $562.30 million during the quarter, compared to analyst estimates of $540.59 million. Winnebago Industries had a return on equity of 21.25% and a net margin of 5.04%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. research analysts predict that Winnebago Industries, Inc. will post 3.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.40 annualized dividend and a yield of 1.07%. Winnebago Industries’s dividend payout ratio is presently 11.94%.
About Winnebago Industries
Winnebago Industries, Inc manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities. It operates through two segments, Motorized and Towable. The company manufactures motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support various other lifestyles under the Winnebago brand.
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