Jefferies Financial Group Inc. Invests $976,000 in Winnebago Industries, Inc. $WGO

Jefferies Financial Group Inc. purchased a new position in Winnebago Industries, Inc. (NYSE:WGO) during the fourth quarter, HoldingsChannel reports. The firm purchased 24,076 shares of the RV manufacturer’s stock, valued at approximately $976,000.

A number of other hedge funds have also recently made changes to their positions in WGO. Royal Bank of Canada grew its holdings in shares of Winnebago Industries by 5.5% in the first quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock worth $329,000 after purchasing an additional 498 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Winnebago Industries by 283.0% in the first quarter. AQR Capital Management LLC now owns 65,104 shares of the RV manufacturer’s stock worth $2,243,000 after purchasing an additional 48,105 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Winnebago Industries by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock worth $568,000 after purchasing an additional 401 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Winnebago Industries by 83.9% in the second quarter. First Trust Advisors LP now owns 34,626 shares of the RV manufacturer’s stock worth $1,004,000 after purchasing an additional 15,801 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Winnebago Industries by 142.3% in the second quarter. Marshall Wace LLP now owns 233,505 shares of the RV manufacturer’s stock worth $6,772,000 after purchasing an additional 137,120 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Robert W. Baird dropped their target price on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Citigroup cut shares of Winnebago Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $46.00 to $30.00 in a report on Wednesday. Truist Financial dropped their target price on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Weiss Ratings cut shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets dropped their target price on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $40.70.

Winnebago Industries Stock Up 1.6%

Shares of Winnebago Industries stock opened at $30.39 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99. Winnebago Industries, Inc. has a 1 year low of $27.64 and a 1 year high of $50.16. The firm’s 50-day moving average is $31.56 and its two-hundred day moving average is $37.80. The stock has a market cap of $858.98 million, a price-to-earnings ratio of 20.67 and a beta of 1.17.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The company had revenue of $657.40 million for the quarter, compared to analysts’ expectations of $628.00 million. During the same period in the prior year, the business earned $0.19 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts expect that Winnebago Industries, Inc. will post 2.34 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio (DPR) is currently 95.24%.

Winnebago Industries Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.