Money Concepts Capital Corp Makes New $1.35 Million Investment in Winnebago Industries, Inc. $WGO

Money Concepts Capital Corp bought a new position in Winnebago Industries, Inc. (NYSE:WGO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 33,374 shares of the RV manufacturer’s stock, valued at approximately $1,352,000. Money Concepts Capital Corp owned about 0.12% of Winnebago Industries as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WGO. Allianz Asset Management GmbH boosted its holdings in shares of Winnebago Industries by 30.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 54,597 shares of the RV manufacturer’s stock worth $1,826,000 after purchasing an additional 12,872 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Winnebago Industries in the 3rd quarter worth about $1,093,000. Royce & Associates LP purchased a new position in shares of Winnebago Industries in the 3rd quarter worth about $6,838,000. Gamco Investors INC. ET AL boosted its holdings in shares of Winnebago Industries by 55.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 225,429 shares of the RV manufacturer’s stock worth $7,538,000 after purchasing an additional 80,559 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Winnebago Industries by 224.7% in the 4th quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock worth $54,870,000 after purchasing an additional 937,140 shares in the last quarter.

Winnebago Industries Trading Down 2.9%

NYSE WGO opened at $29.62 on Wednesday. Winnebago Industries, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $50.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30. The stock has a 50 day simple moving average of $33.09 and a two-hundred day simple moving average of $38.53. The stock has a market cap of $837.22 million, a P/E ratio of 20.15 and a beta of 1.17.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The business had revenue of $657.40 million during the quarter, compared to analysts’ expectations of $628.00 million. During the same quarter last year, the business posted $0.19 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, analysts forecast that Winnebago Industries, Inc. will post 2.33 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th were issued a $0.35 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.40 annualized dividend and a yield of 4.7%. Winnebago Industries’s dividend payout ratio (DPR) is 95.24%.

Analyst Ratings Changes

A number of research firms have recently issued reports on WGO. Wall Street Zen cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings upgraded Winnebago Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. BMO Capital Markets cut their price objective on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Truist Financial cut their price objective on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Finally, Citigroup cut their price objective on Winnebago Industries from $54.00 to $46.00 and set a “buy” rating for the company in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.30.

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.