American International Group Inc. lifted its position in Winnebago Industries, Inc. (NYSE:WGO) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,619 shares of the construction company’s stock after buying an additional 1,661 shares during the quarter. American International Group Inc. owned about 0.08% of Winnebago Industries worth $1,102,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in WGO. Virginia Retirement Systems ET AL boosted its position in Winnebago Industries by 20.6% during the second quarter. Virginia Retirement Systems ET AL now owns 52,200 shares of the construction company’s stock worth $1,827,000 after purchasing an additional 8,900 shares during the period. Swiss National Bank boosted its position in Winnebago Industries by 6.6% during the second quarter. Swiss National Bank now owns 48,800 shares of the construction company’s stock worth $1,708,000 after purchasing an additional 3,000 shares during the period. Russell Investments Group Ltd. boosted its position in Winnebago Industries by 57.8% during the second quarter. Russell Investments Group Ltd. now owns 37,351 shares of the construction company’s stock worth $1,307,000 after purchasing an additional 13,675 shares during the period. Penserra Capital Management LLC boosted its position in Winnebago Industries by 476.6% during the third quarter. Penserra Capital Management LLC now owns 36,732 shares of the construction company’s stock worth $1,643,000 after purchasing an additional 30,362 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in Winnebago Industries during the third quarter worth approximately $396,000. 82.99% of the stock is owned by institutional investors and hedge funds.
Winnebago Industries, Inc. (NYSE:WGO) opened at $57.95 on Tuesday. Winnebago Industries, Inc. has a 1-year low of $24.15 and a 1-year high of $58.05. The company has a market capitalization of $1,840.00, a P/E ratio of 19.06 and a beta of 2.06. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. Winnebago Industries’s dividend payout ratio (DPR) is presently 17.39%.
Winnebago Industries declared that its Board of Directors has approved a share repurchase program on Thursday, October 19th that allows the company to buyback $70.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of equities research analysts have issued reports on WGO shares. ValuEngine cut Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating on shares of Winnebago Industries in a report on Thursday, September 28th. Stifel Nicolaus lowered Winnebago Industries from a “buy” rating to a “hold” rating and upped their price target for the stock from $40.00 to $44.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and set a $34.00 price target on shares of Winnebago Industries in a report on Friday, September 1st. Finally, SunTrust Banks reiterated a “hold” rating and set a $45.00 price target on shares of Winnebago Industries in a report on Friday, October 20th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.17.
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About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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