United Capital Financial Advisers LLC Reduces Stake in Winnebago Industries, Inc. (NYSE:WGO)

United Capital Financial Advisers LLC reduced its position in Winnebago Industries, Inc. (NYSE:WGO) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,528 shares of the construction company’s stock after selling 1,333 shares during the period. United Capital Financial Advisers LLC’s holdings in Winnebago Industries were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Mason Street Advisors LLC lifted its position in Winnebago Industries by 3.9% during the first quarter. Mason Street Advisors LLC now owns 9,360 shares of the construction company’s stock valued at $292,000 after purchasing an additional 349 shares in the last quarter. Rhumbline Advisers lifted its position in Winnebago Industries by 0.5% during the first quarter. Rhumbline Advisers now owns 91,154 shares of the construction company’s stock valued at $2,839,000 after purchasing an additional 446 shares in the last quarter. Texas Permanent School Fund lifted its position in Winnebago Industries by 4.2% during the first quarter. Texas Permanent School Fund now owns 19,788 shares of the construction company’s stock valued at $616,000 after purchasing an additional 800 shares in the last quarter. NEXT Financial Group Inc purchased a new position in Winnebago Industries during the second quarter valued at $42,000. Finally, Brasada Capital Management LP lifted its position in Winnebago Industries by 23.6% during the second quarter. Brasada Capital Management LP now owns 6,800 shares of the construction company’s stock valued at $263,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 95.69% of the company’s stock.

NYSE:WGO traded down $1.70 on Tuesday, reaching $38.40. 25,409 shares of the company’s stock traded hands, compared to its average volume of 518,275. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $34.67 and a 200-day simple moving average of $35.13. The firm has a market cap of $1.27 billion, a PE ratio of 12.21, a P/E/G ratio of 0.46 and a beta of 1.66. Winnebago Industries, Inc. has a 12 month low of $19.77 and a 12 month high of $42.08.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.44 dividend on an annualized basis and a yield of 1.15%. Winnebago Industries’s dividend payout ratio is presently 13.97%.

WGO has been the topic of several analyst reports. SunTrust Banks lifted their target price on Winnebago Industries to $48.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. ValuEngine upgraded Winnebago Industries from a “strong sell” rating to a “sell” rating in a research report on Monday, September 16th. BMO Capital Markets raised their price target on Winnebago Industries to $46.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Northcoast Research initiated coverage on Winnebago Industries in a report on Friday, June 14th. They set a “buy” rating and a $47.00 price target on the stock. Finally, Robert W. Baird set a $42.00 price target on Winnebago Industries and gave the company a “buy” rating in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.00.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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

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