Lighthouse Investment Partners LLC Makes New $597,000 Investment in Winnebago Industries, Inc. (NYSE:WGO)

Lighthouse Investment Partners LLC acquired a new position in Winnebago Industries, Inc. (NYSE:WGO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,500 shares of the construction company’s stock, valued at approximately $597,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cascade Investment Advisors Inc. grew its holdings in Winnebago Industries by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after purchasing an additional 380 shares during the period. Smartleaf Asset Management LLC grew its holdings in Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after purchasing an additional 390 shares during the period. Swiss National Bank grew its holdings in Winnebago Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock worth $2,719,000 after purchasing an additional 400 shares during the period. Exchange Traded Concepts LLC grew its holdings in Winnebago Industries by 9.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after purchasing an additional 506 shares during the period. Finally, KBC Group NV grew its holdings in Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after purchasing an additional 587 shares during the period.

Winnebago Industries Stock Down 1.9%

Shares of Winnebago Industries stock opened at $36.57 on Thursday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -55.41 and a beta of 1.12. The company’s 50 day moving average is $33.38 and its 200 day moving average is $44.70. Winnebago Industries, Inc. has a twelve month low of $28.29 and a twelve month high of $65.65. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Research analysts anticipate that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.72%. Winnebago Industries’s dividend payout ratio (DPR) is -544.00%.

Analyst Upgrades and Downgrades

WGO has been the topic of a number of recent research reports. Truist Financial cut their price objective on shares of Winnebago Industries from $50.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Citigroup dropped their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. DA Davidson upgraded shares of Winnebago Industries to a “hold” rating in a research note on Monday, April 14th. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd. Finally, BMO Capital Markets dropped their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.89.

Insiders Place Their Bets

In other Winnebago Industries news, Director Kevin E. Bryant purchased 4,200 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were acquired at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the transaction, the director now owns 13,755 shares of the company’s stock, valued at approximately $469,320.60. The trade was a 43.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.63% 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.