LHM Inc. Makes New Investment in Winnebago Industries, Inc. (NYSE:WGO)

LHM Inc. bought a new position in Winnebago Industries, Inc. (NYSE:WGO) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 127,182 shares of the construction company’s stock, valued at approximately $6,077,000. Winnebago Industries accounts for approximately 1.9% of LHM Inc.’s portfolio, making the stock its 12th largest holding.

A number of other large investors have also added to or reduced their stakes in WGO. Wellington Management Group LLP purchased a new stake in shares of Winnebago Industries during the third quarter worth about $7,750,000. Quantbot Technologies LP grew its stake in shares of Winnebago Industries by 94.5% during the third quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock worth $3,736,000 after acquiring an additional 31,242 shares during the last quarter. Vestcor Inc grew its stake in shares of Winnebago Industries by 105.6% during the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after acquiring an additional 8,837 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after acquiring an additional 173,274 shares during the last quarter. Finally, Entropy Technologies LP boosted its position in Winnebago Industries by 89.2% in the third quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock valued at $1,084,000 after buying an additional 8,796 shares during the last quarter.

Analyst Ratings Changes

WGO has been the topic of a number of recent research reports. KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 8th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, November 11th. DA Davidson decreased their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Truist Financial upped their target price on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Winnebago Industries Stock Down 6.5 %

NYSE WGO opened at $34.91 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The business has a fifty day moving average price of $45.89 and a 200 day moving average price of $53.44. The company has a market cap of $991.20 million, a P/E ratio of -52.89 and a beta of 1.62. Winnebago Industries, Inc. has a one year low of $34.71 and a one year high of $74.10.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.23). The company had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 earnings per share. Research analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s payout ratio is currently -206.06%.

Insider Buying and Selling at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. This represents a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.63% of the stock is owned by company insiders.

Winnebago Industries 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.