Raymond James Financial Services Advisors Inc. Trims Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Raymond James Financial Services Advisors Inc. trimmed its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 38.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,022 shares of the construction company’s stock after selling 1,862 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Winnebago Industries were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Vest Financial LLC purchased a new position in shares of Winnebago Industries during the 4th quarter valued at $239,000. Harbor Capital Advisors Inc. grew its position in shares of Winnebago Industries by 45.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,227 shares of the construction company’s stock valued at $600,000 after purchasing an additional 2,576 shares in the last quarter. American Century Companies Inc. grew its position in Winnebago Industries by 10.9% in the third quarter. American Century Companies Inc. now owns 471,203 shares of the construction company’s stock worth $28,013,000 after acquiring an additional 46,325 shares in the last quarter. Verity Asset Management Inc. purchased a new position in Winnebago Industries in the third quarter worth $236,000. Finally, Toroso Investments LLC grew its position in Winnebago Industries by 15.7% in the third quarter. Toroso Investments LLC now owns 22,523 shares of the construction company’s stock worth $1,339,000 after acquiring an additional 3,051 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Roth Mkm reiterated a “neutral” rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Thursday, March 21st. DA Davidson upped their target price on shares of Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Finally, StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and an average price target of $71.80.

Winnebago Industries Stock Performance

Winnebago Industries stock opened at $64.58 on Thursday. The company has a quick ratio of 1.52, a current ratio of 2.84 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.89 billion, a PE ratio of 19.34 and a beta of 1.71. The firm has a fifty day simple moving average of $67.74 and a two-hundred day simple moving average of $66.54. Winnebago Industries, Inc. has a twelve month low of $54.70 and a twelve month high of $75.42.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. The business had revenue of $703.60 million during the quarter, compared to the consensus estimate of $692.63 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. Research analysts expect that Winnebago Industries, Inc. will post 5.15 EPS for the current year.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, April 9th. Winnebago Industries’s dividend payout ratio (DPR) is 37.13%.

Winnebago Industries Company 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.