Jefferies Financial Group Inc. Purchases New Shares in Winnebago Industries, Inc. $WGO

Jefferies Financial Group Inc. purchased a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,076 shares of the RV manufacturer’s stock, valued at approximately $976,000. Jefferies Financial Group Inc. owned approximately 0.09% of Winnebago Industries as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WGO. Royal Bank of Canada raised its stake in Winnebago Industries by 5.5% during the first quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock valued at $329,000 after purchasing an additional 498 shares in the last quarter. AQR Capital Management LLC raised its stake in Winnebago Industries by 283.0% during the first quarter. AQR Capital Management LLC now owns 65,104 shares of the RV manufacturer’s stock valued at $2,243,000 after purchasing an additional 48,105 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Winnebago Industries by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock valued at $568,000 after purchasing an additional 401 shares in the last quarter. First Trust Advisors LP raised its stake in Winnebago Industries by 83.9% during the second quarter. First Trust Advisors LP now owns 34,626 shares of the RV manufacturer’s stock valued at $1,004,000 after purchasing an additional 15,801 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Winnebago Industries by 142.3% during the second quarter. Marshall Wace LLP now owns 233,505 shares of the RV manufacturer’s stock valued at $6,772,000 after purchasing an additional 137,120 shares in the last quarter.

Winnebago Industries Trading Up 1.6%

Shares of WGO opened at $30.39 on Friday. Winnebago Industries, Inc. has a twelve month low of $27.64 and a twelve month high of $50.16. The company has a market cap of $858.98 million, a P/E ratio of 20.67 and a beta of 1.17. The company has a current ratio of 2.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $31.56 and its 200-day simple moving average is $37.80.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $657.40 million for the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. As a group, analysts expect that Winnebago Industries, Inc. will post 2.34 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.6%. Winnebago Industries’s dividend payout ratio is presently 95.24%.

Analyst Ratings Changes

A number of research firms recently issued reports on WGO. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Weiss Ratings downgraded shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Citigroup downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating and reduced their target price for the company from $46.00 to $30.00 in a research note on Wednesday. Wall Street Zen downgraded shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Finally, Robert W. Baird reduced their target price on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Winnebago Industries presently has a consensus rating of “Hold” and a consensus target price of $40.70.

About Winnebago Industries

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.