Legato Capital Management LLC Acquires 4,187 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Legato Capital Management LLC grew its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 21.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 24,160 shares of the construction company’s stock after acquiring an additional 4,187 shares during the quarter. Legato Capital Management LLC’s holdings in Winnebago Industries were worth $1,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares during the last quarter. Quarry LP boosted its position in Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares during the period. R Squared Ltd bought a new position in Winnebago Industries in the 4th quarter worth about $43,000. DekaBank Deutsche Girozentrale increased its position in shares of Winnebago Industries by 196.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock worth $86,000 after acquiring an additional 989 shares during the period. Finally, KBC Group NV increased its position in shares of Winnebago Industries by 64.5% during the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after acquiring an additional 587 shares during the period.

Winnebago Industries Trading Down 3.9 %

WGO opened at $44.32 on Thursday. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average is $49.22 and its two-hundred day moving average is $55.01. Winnebago Industries, Inc. has a 1 year low of $43.69 and a 1 year high of $74.10.

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

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s payout ratio is presently -206.06%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. Truist Financial upped their target price on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson cut their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Robert W. Baird lowered their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Benchmark reissued a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Winnebago Industries presently has an average rating of “Moderate Buy” and an average price target of $65.00.

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.