Burney Co. Lowers Position in Winnebago Industries, Inc. (NYSE:WGO)

Burney Co. trimmed its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 40.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,115 shares of the construction company’s stock after selling 26,892 shares during the quarter. Burney Co.’s holdings in Winnebago Industries were worth $2,120,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC purchased a new position in shares of Winnebago Industries during the 1st quarter worth approximately $1,182,000. Bayesian Capital Management LP purchased a new position in Winnebago Industries in the first quarter worth $681,000. Duality Advisers LP acquired a new stake in Winnebago Industries in the first quarter valued at $1,212,000. 1832 Asset Management L.P. boosted its position in shares of Winnebago Industries by 484.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after purchasing an additional 832,187 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new position in shares of Winnebago Industries during the 1st quarter worth $4,001,000.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock traded up $0.15 during trading on Thursday, hitting $59.77. 184,496 shares of the company were exchanged, compared to its average volume of 568,936. Winnebago Industries, Inc. has a fifty-two week low of $49.68 and a fifty-two week high of $75.42. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average price of $56.52 and a 200 day moving average price of $61.84. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 23.02 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). The company had revenue of $786.00 million during the quarter, compared to analyst estimates of $798.26 million. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The business’s revenue was down 12.7% compared to the same quarter last year. During the same period last year, the firm earned $2.13 earnings per share. On average, equities analysts expect that Winnebago Industries, Inc. will post 4.19 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.28%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, September 11th. Winnebago Industries’s dividend payout ratio is 52.51%.

Analyst Ratings Changes

Several brokerages recently commented on WGO. Benchmark assumed coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective for the company. Roth Mkm reduced their price target on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday. Citigroup raised their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets decreased their target price on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.57.

Insiders Place Their Bets

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the sale, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.75% of the stock is owned by corporate insiders.

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.