DekaBank Deutsche Girozentrale Lowers Holdings in Winnebago Industries, Inc. (NYSE:WGO)

DekaBank Deutsche Girozentrale trimmed its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 84.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 503 shares of the construction company’s stock after selling 2,683 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Winnebago Industries were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WGO. Goldman Sachs Group Inc. grew its holdings in shares of Winnebago Industries by 10.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock valued at $121,044,000 after buying an additional 161,987 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in Winnebago Industries by 484.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after purchasing an additional 832,187 shares during the last quarter. Broad Peak Investment Holdings Ltd. raised its stake in shares of Winnebago Industries by 20.0% in the first quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company’s stock worth $64,948,000 after purchasing an additional 146,000 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Winnebago Industries by 8.8% in the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock worth $46,697,000 after purchasing an additional 69,453 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Winnebago Industries by 53.4% during the fourth quarter. First Trust Advisors LP now owns 460,771 shares of the construction company’s stock valued at $33,581,000 after purchasing an additional 160,431 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WGO. Roth Mkm decreased their target price on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Robert W. Baird dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets dropped their price target on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Finally, Citigroup upped their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Insider Buying and Selling

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $57.98, for a total transaction of $193,247.34. Following the sale, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.75% of the stock is currently owned by insiders.

Winnebago Industries Stock Performance

NYSE:WGO opened at $59.11 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. The stock has a 50-day simple moving average of $58.05 and a two-hundred day simple moving average of $60.39. The firm has a market capitalization of $1.71 billion, a PE ratio of 22.82 and a beta of 1.62. Winnebago Industries, Inc. has a 52-week low of $49.68 and a 52-week high of $75.42.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The company had revenue of $786.00 million for the quarter, compared to the consensus estimate of $798.26 million. During the same quarter last year, the firm posted $2.13 earnings per share. The company’s revenue was down 12.7% compared to the same quarter last year. Analysts forecast that Winnebago Industries, Inc. will post 4.19 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.30%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, September 11th. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.

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.