Cooke & Bieler LP Has $113.11 Million Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Cooke & Bieler LP cut its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 1.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,086,955 shares of the construction company’s stock after selling 28,830 shares during the quarter. Cooke & Bieler LP owned 0.07% of Winnebago Industries worth $113,113,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WGO. GAMMA Investing LLC acquired a new stake in Winnebago Industries during the 4th quarter worth about $30,000. Principal Securities Inc. acquired a new stake in shares of Winnebago Industries during the 4th quarter valued at about $39,000. Innealta Capital LLC acquired a new stake in shares of Winnebago Industries during the 2nd quarter valued at about $45,000. EntryPoint Capital LLC acquired a new stake in shares of Winnebago Industries during the 1st quarter valued at about $75,000. Finally, nVerses Capital LLC acquired a new stake in shares of Winnebago Industries during the 2nd quarter valued at about $76,000.

Wall Street Analyst Weigh In

WGO has been the subject of several research reports. Benchmark initiated coverage on Winnebago Industries in a report on Thursday, July 18th. They set a “buy” rating and a $75.00 price target for the company. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Tuesday. Citigroup lifted their price target on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, July 12th. Roth Mkm reduced their price target on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Finally, Robert W. Baird cut 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.57.

Winnebago Industries Stock Performance

Shares of WGO stock traded up $0.31 during trading on Wednesday, reaching $58.60. The company had a trading volume of 45,979 shares, compared to its average volume of 564,309. The firm’s 50 day simple moving average is $56.98 and its two-hundred day simple moving average is $61.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42. The company has a market capitalization of $1.70 billion, a PE ratio of 22.52 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.17). The business had revenue of $786.00 million during the quarter, compared to the consensus estimate of $798.26 million. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The business’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 earnings per share. Sell-side analysts forecast that Winnebago Industries, Inc. will post 4.19 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be given a $0.34 dividend. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.32%. The ex-dividend date is Wednesday, September 11th. Winnebago Industries’s payout ratio is currently 52.51%.

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 stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.75% of the company’s stock.

About Winnebago Industries

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.