EntryPoint Capital LLC Buys New Holdings in Winnebago Industries, Inc. (NYSE:WGO)

EntryPoint Capital LLC purchased a new position in shares of Winnebago Industries, Inc. (NYSE:WGO) in the 1st quarter, Holdings Channel.com reports. The fund purchased 1,016 shares of the construction company’s stock, valued at approximately $75,000.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Winnebago Industries by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,239 shares of the construction company’s stock worth $161,448,000 after purchasing an additional 44,987 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Winnebago Industries by 10.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after acquiring an additional 161,987 shares in the last quarter. Broad Peak Investment Holdings Ltd. raised its stake in shares of Winnebago Industries by 20.0% in the 1st quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company’s stock valued at $64,948,000 after acquiring an additional 146,000 shares during the period. First Trust Advisors LP lifted its holdings in shares of Winnebago Industries by 53.4% during the 4th quarter. First Trust Advisors LP now owns 460,771 shares of the construction company’s stock valued at $33,581,000 after acquiring an additional 160,431 shares in the last quarter. Finally, Norges Bank purchased a new stake in Winnebago Industries during the 4th quarter worth $13,809,000.

Insider Transactions at Winnebago Industries

In other news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $57.98, for a total transaction of $193,247.34. Following the transaction, the senior vice president now owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.75% of the company’s stock.

Winnebago Industries Trading Up 2.2 %

Shares of WGO opened at $60.76 on Friday. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42. The stock has a 50-day moving average price of $56.98 and a 200 day moving average price of $63.32. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. The company has a market capitalization of $1.76 billion, a P/E ratio of 23.46 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, June 20th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The business had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $798.26 million. During the same quarter last year, the company posted $2.13 earnings per share. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. Sell-side analysts forecast that Winnebago Industries, Inc. will post 4.19 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, June 12th. Winnebago Industries’s dividend payout ratio is currently 47.88%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WGO. Benchmark initiated coverage on Winnebago Industries in a report on Thursday, July 18th. They issued a “buy” rating and a $75.00 price target for the company. BMO Capital Markets lowered their target price on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Roth Mkm reduced their price target on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Robert W. Baird lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Finally, Citigroup lifted their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.57.

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.