Louisiana State Employees Retirement System Takes $1.09 Million Position in Winnebago Industries, Inc. (NYSE:WGO)

Louisiana State Employees Retirement System purchased a new stake in Winnebago Industries, Inc. (NYSE:WGO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the construction company’s stock, valued at approximately $1,093,000. Louisiana State Employees Retirement System owned approximately 0.05% of Winnebago Industries as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WGO. Vontobel Holding Ltd. boosted its stake in shares of Winnebago Industries by 29.0% during the third quarter. Vontobel Holding Ltd. now owns 3,995 shares of the construction company’s stock valued at $238,000 after acquiring an additional 899 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Winnebago Industries during the third quarter valued at $397,000. Raymond James & Associates boosted its stake in shares of Winnebago Industries by 3.2% during the third quarter. Raymond James & Associates now owns 27,612 shares of the construction company’s stock valued at $1,642,000 after acquiring an additional 863 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new stake in shares of Winnebago Industries during the third quarter valued at $211,000. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Winnebago Industries by 5.1% during the third quarter. Verdence Capital Advisors LLC now owns 3,827 shares of the construction company’s stock valued at $228,000 after acquiring an additional 187 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on WGO shares. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Roth Mkm reissued a “neutral” rating and issued a $70.00 price target on shares of Winnebago Industries in a research note on Thursday, March 21st. Finally, DA Davidson raised their price target on Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $71.80.

Winnebago Industries Stock Performance

NYSE WGO opened at $64.97 on Wednesday. The firm has a market capitalization of $1.90 billion, a P/E ratio of 19.45 and a beta of 1.71. Winnebago Industries, Inc. has a 1-year low of $54.70 and a 1-year high of $75.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.52. The business’s 50-day simple moving average is $67.74 and its 200-day simple moving average is $66.54.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, March 21st. The construction company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $703.60 million for the quarter, compared to the consensus estimate of $692.63 million. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. Equities analysts predict that Winnebago Industries, Inc. will post 5.15 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.24 annualized dividend and a dividend yield of 1.91%. Winnebago Industries’s payout ratio is currently 37.13%.

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 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.