Cooke & Bieler LP Has $94 Million Stake in Winnebago Industries, Inc. (NYSE:WGO)

Cooke & Bieler LP trimmed its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,967,295 shares of the construction company’s stock after selling 43,080 shares during the period. Cooke & Bieler LP owned 6.93% of Winnebago Industries worth $93,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WGO. Smartleaf Asset Management LLC raised its position in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after buying an additional 390 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Winnebago Industries in the fourth quarter valued at approximately $43,000. Quarry LP raised its position in Winnebago Industries by 4,038.1% during the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after purchasing an additional 848 shares in the last quarter. KBC Group NV raised its position in Winnebago Industries by 64.5% during the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after purchasing an additional 587 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in Winnebago Industries during the third quarter valued at approximately $152,000.

Winnebago Industries Stock Down 3.4 %

Shares of NYSE:WGO opened at $36.42 on Tuesday. The company has a fifty day moving average of $45.03 and a 200-day moving average of $52.85. The company has a market capitalization of $1.03 billion, a PE ratio of -55.18 and a beta of 1.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. Winnebago Industries, Inc. has a 52-week low of $34.12 and a 52-week high of $74.10.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same period in the prior year, the firm earned $1.06 EPS. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. On average, equities analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.73%. Winnebago Industries’s dividend payout ratio is -206.06%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WGO shares. DA Davidson lowered their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Benchmark restated a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a research report on Monday, December 23rd. Truist Financial boosted their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, November 11th. Finally, KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Winnebago Industries has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Insider Buying and Selling

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.63% of the stock is currently owned by insiders.

Winnebago Industries 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.