NJ State Employees Deferred Compensation Plan grew its stake in Winnebago Industries, Inc. (NYSE:WGO) by 33.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the construction company’s stock after buying an additional 4,000 shares during the period. NJ State Employees Deferred Compensation Plan owned approximately 0.05% of Winnebago Industries worth $716,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Winnebago Industries in the 2nd quarter worth approximately $107,000. Pinebridge Investments L.P. grew its stake in Winnebago Industries by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock worth $123,000 after buying an additional 35 shares in the last quarter. Victory Capital Management Inc. grew its stake in Winnebago Industries by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock worth $125,000 after buying an additional 536 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Winnebago Industries by 78.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,233 shares of the construction company’s stock worth $183,000 after buying an additional 2,303 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in Winnebago Industries in the 2nd quarter worth approximately $201,000. 84.84% of the stock is owned by institutional investors and hedge funds.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Thursday, October 19th. The construction company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. The company had revenue of $454.90 million during the quarter, compared to analyst estimates of $444.50 million. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. Winnebago Industries’s quarterly revenue was up 72.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, November 14th. Winnebago Industries’s payout ratio is 17.39%.

Winnebago Industries declared that its board has approved a stock repurchase program on Thursday, October 19th that permits the company to buyback $70.00 million in shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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A number of equities analysts have commented on WGO shares. Stifel Nicolaus started coverage on shares of Winnebago Industries in a research note on Thursday, July 6th. They issued a “buy” rating and a $40.00 price target for the company. BidaskClub cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. BMO Capital Markets reissued a “hold” rating and issued a $34.00 price target on shares of Winnebago Industries in a research note on Friday, September 1st. Finally, ValuEngine raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $44.71.

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.

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

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