FORA Capital LLC Boosts Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

FORA Capital LLC increased its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 97.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,485 shares of the construction company’s stock after purchasing an additional 3,194 shares during the quarter. FORA Capital LLC’s holdings in Winnebago Industries were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Winnebago Industries in the 4th quarter worth about $30,000. Principal Securities Inc. acquired a new position in shares of Winnebago Industries in the 4th quarter valued at about $39,000. TFO Wealth Partners LLC lifted its stake in shares of Winnebago Industries by 33,433.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock valued at $147,000 after purchasing an additional 2,006 shares in the last quarter. Vest Financial LLC acquired a new position in shares of Winnebago Industries in the 4th quarter valued at about $239,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Winnebago Industries in the 1st quarter valued at about $249,000.

Winnebago Industries Stock Down 1.0 %

WGO stock traded down $0.53 during midday trading on Tuesday, hitting $50.61. 216,178 shares of the company’s stock were exchanged, compared to its average volume of 578,370. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. Winnebago Industries, Inc. has a 12-month low of $50.26 and a 12-month high of $75.42. The firm has a 50 day moving average price of $58.64 and a 200-day moving average price of $64.66. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 19.75 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The business had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $798.26 million. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Winnebago Industries’s revenue for the quarter was down 12.7% compared to the same quarter last year. On average, analysts anticipate that Winnebago Industries, Inc. will post 4.29 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were issued a $0.31 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.45%. Winnebago Industries’s dividend payout ratio (DPR) is 47.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WGO shares. Robert W. Baird reduced their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. DA Davidson raised their target price on Winnebago Industries from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, March 26th. Roth Mkm dropped their target price on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Finally, Truist Financial dropped their target price on Winnebago Industries from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.00.

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.