Raymond James Financial Services Advisors Inc. Grows Position in Winnebago Industries, Inc. (WGO)

Raymond James Financial Services Advisors Inc. lifted its stake in Winnebago Industries, Inc. (NYSE:WGO) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,558 shares of the construction company’s stock after buying an additional 1,239 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Winnebago Industries were worth $472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. lifted its stake in shares of Winnebago Industries by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock valued at $123,000 after buying an additional 35 shares during the period. Texas Permanent School Fund lifted its stake in Winnebago Industries by 0.8% during the second quarter. Texas Permanent School Fund now owns 19,371 shares of the construction company’s stock worth $678,000 after purchasing an additional 163 shares during the period. Victory Capital Management Inc. lifted its stake in Winnebago Industries by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock worth $125,000 after purchasing an additional 536 shares during the period. Aperio Group LLC lifted its stake in Winnebago Industries by 3.6% during the second quarter. Aperio Group LLC now owns 16,825 shares of the construction company’s stock worth $589,000 after purchasing an additional 589 shares during the period. Finally, Thrivent Financial For Lutherans lifted its stake in Winnebago Industries by 6.1% during the second quarter. Thrivent Financial For Lutherans now owns 15,940 shares of the construction company’s stock worth $558,000 after purchasing an additional 920 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Shares of Winnebago Industries, Inc. (NYSE WGO) traded down $0.95 on Thursday, reaching $53.10. 330,400 shares of the company’s stock were exchanged, compared to its average volume of 512,461. The company has a market capitalization of $1,719.16, a PE ratio of 18.38 and a beta of 2.06. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. Winnebago Industries, Inc. has a 1 year low of $24.15 and a 1 year high of $55.90.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.09. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. The company had revenue of $454.90 million during the quarter, compared to analysts’ expectations of $444.50 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. Winnebago Industries’s quarterly revenue was up 72.8% compared to the same quarter last year. analysts expect that Winnebago Industries, Inc. will post 2.88 earnings per share for the current fiscal year.

Winnebago Industries declared that its board has initiated a share repurchase plan on Thursday, October 19th that permits the company to repurchase $70.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Tuesday, November 14th. Winnebago Industries’s dividend payout ratio (DPR) is currently 17.39%.

A number of research analysts have commented on WGO shares. ValuEngine cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird restated a “buy” rating on shares of Winnebago Industries in a research note on Thursday, September 28th. BidaskClub cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Stifel Nicolaus cut shares of Winnebago Industries from a “buy” rating to a “hold” rating and raised their price target for the stock from $40.00 to $44.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, SunTrust Banks restated a “hold” rating and set a $45.00 price target on shares of Winnebago Industries in a research note on Friday, October 20th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $46.17.

ILLEGAL ACTIVITY WARNING: “Raymond James Financial Services Advisors Inc. Grows Position in Winnebago Industries, Inc. (WGO)” was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.chaffeybreeze.com/2017/12/07/raymond-james-financial-services-advisors-inc-grows-position-in-winnebago-industries-inc-wgo.html.

Winnebago Industries Profile

Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.

Want to see what other hedge funds are holding WGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Winnebago Industries, Inc. (NYSE:WGO).

Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

Receive News & Ratings for Winnebago Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply