Parametrica Management Ltd Takes Position in Winnebago Industries, Inc. (WGO)
Parametrica Management Ltd bought a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,980 shares of the construction company’s stock, valued at approximately $357,000.
A number of other institutional investors also recently made changes to their positions in the business. Crossmark Global Holdings Inc. bought a new stake in Winnebago Industries during the third quarter valued at approximately $396,000. Penserra Capital Management LLC lifted its position in Winnebago Industries by 476.6% during the third quarter. Penserra Capital Management LLC now owns 36,732 shares of the construction company’s stock valued at $1,643,000 after purchasing an additional 30,362 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Winnebago Industries by 13.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,558 shares of the construction company’s stock valued at $472,000 after purchasing an additional 1,239 shares during the last quarter. Aperio Group LLC lifted its position in Winnebago Industries by 14.9% during the third quarter. Aperio Group LLC now owns 19,335 shares of the construction company’s stock valued at $865,000 after purchasing an additional 2,510 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Winnebago Industries during the third quarter valued at approximately $541,000. Institutional investors and hedge funds own 84.84% of the company’s stock.
Several equities research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Winnebago Industries to $51.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Robert W. Baird reiterated an “outperform” rating and set a $48.00 target price (up from $38.00) on shares of Winnebago Industries in a research report on Friday, October 20th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $45.00 target price on shares of Winnebago Industries in a research report on Friday, October 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research report on Thursday, October 5th. Finally, Stifel Nicolaus lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating and lifted their target price for the company from $40.00 to $44.00 in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Winnebago Industries presently has a consensus rating of “Buy” and a consensus target price of $44.71.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data 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 business had revenue of $454.90 million during the quarter, compared to analyst estimates of $444.50 million. During the same period last year, the firm posted $0.49 EPS. The company’s revenue was up 72.8% on a year-over-year basis.
Winnebago Industries announced that its Board of Directors has initiated a share repurchase plan on Thursday, October 19th that authorizes the company to buyback $70.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, November 14th. Winnebago Industries’s dividend payout ratio (DPR) is currently 17.39%.
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About Winnebago Industries
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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