Principal Financial Group Inc. raised its position in shares of Winnebago Industries Inc. (NYSE:WGO) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 190,458 shares of the company’s stock after buying an additional 5,685 shares during the period. Principal Financial Group Inc. owned about 0.71% of Winnebago Industries worth $4,365,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Winnebago Industries by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,399,492 shares of the company’s stock worth $32,076,000 after buying an additional 163,197 shares during the period. Thomson Horstmann & Bryant Inc. raised its position in shares of Winnebago Industries by 34.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 485,707 shares of the company’s stock worth $11,132,000 after buying an additional 123,957 shares during the period. Boston Partners raised its position in shares of Winnebago Industries by 2.4% in the second quarter. Boston Partners now owns 225,483 shares of the company’s stock worth $5,168,000 after buying an additional 5,212 shares during the period. New York State Teachers Retirement System raised its position in shares of Winnebago Industries by 2.6% in the second quarter. New York State Teachers Retirement System now owns 100,282 shares of the company’s stock worth $2,298,000 after buying an additional 2,500 shares during the period. Finally, HL Financial Services LLC raised its position in shares of Winnebago Industries by 11.3% in the second quarter. HL Financial Services LLC now owns 89,051 shares of the company’s stock worth $2,041,000 after buying an additional 9,032 shares during the period. Hedge funds and other institutional investors own 91.47% of the company’s stock.
Winnebago Industries Inc. (NYSE:WGO) opened at 28.14 on Friday. The company’s 50-day moving average price is $25.98 and its 200-day moving average price is $23.32. Winnebago Industries Inc. has a one year low of $15.41 and a one year high of $30.60. The firm has a market cap of $756.99 million, a price-to-earnings ratio of 16.75 and a beta of 2.11.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Thursday, October 13th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The firm earned $263.30 million during the quarter, compared to analysts’ expectations of $252.52 million. Winnebago Industries had a return on equity of 17.86% and a net margin of 4.67%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. On average, analysts anticipate that Winnebago Industries Inc. will post $2.29 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. Winnebago Industries’s payout ratio is 23.67%.
WGO has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Robert W. Baird upgraded Winnebago Industries from a “neutral” rating to an “outperform” rating and increased their target price for the company from $25.00 to $30.00 in a research report on Monday, October 3rd. Finally, BMO Capital Markets increased their target price on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, October 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.33.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.