Aviance Capital Partners LLC Purchases 1,230 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Aviance Capital Partners LLC grew its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 6.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,519 shares of the construction company’s stock after purchasing an additional 1,230 shares during the period. Aviance Capital Partners LLC’s holdings in Winnebago Industries were worth $1,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in Winnebago Industries in the 4th quarter worth approximately $30,000. Principal Securities Inc. purchased a new stake in Winnebago Industries in the fourth quarter worth $39,000. Keeley Teton Advisors LLC boosted its holdings in Winnebago Industries by 4.9% in the fourth quarter. Keeley Teton Advisors LLC now owns 21,509 shares of the construction company’s stock valued at $1,568,000 after acquiring an additional 1,007 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Winnebago Industries by 29.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,355 shares of the construction company’s stock valued at $536,000 after purchasing an additional 1,660 shares during the period. Finally, TFO Wealth Partners LLC raised its holdings in Winnebago Industries by 33,433.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after purchasing an additional 2,006 shares in the last quarter.

Winnebago Industries Trading Down 1.5 %

NYSE WGO opened at $53.41 on Tuesday. Winnebago Industries, Inc. has a 12 month low of $51.02 and a 12 month high of $75.42. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average price is $59.74 and its 200-day moving average price is $65.38. The stock has a market cap of $1.55 billion, a P/E ratio of 20.62 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Thursday, June 20th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.17). The firm had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $798.26 million. Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The business’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period last year, the company posted $2.13 earnings per share. As a group, equities analysts forecast that Winnebago Industries, Inc. will post 4.29 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were issued a $0.31 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.32%. Winnebago Industries’s payout ratio is currently 47.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WGO. Robert W. Baird cut their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Truist Financial reduced their target price on Winnebago Industries from $76.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, June 21st. BMO Capital Markets lowered their target price on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. DA Davidson increased their price objective on Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th. Finally, StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.50.

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.