Lipe & Dalton Acquires Shares of 23,300 Winnebago Industries, Inc. (WGO)

Lipe & Dalton purchased a new position in Winnebago Industries, Inc. (NYSE:WGO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,300 shares of the construction company’s stock, valued at approximately $726,000. Lipe & Dalton owned about 0.07% of Winnebago Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of WGO. Versant Capital Management Inc grew its position in Winnebago Industries by 402.4% in the first quarter. Versant Capital Management Inc now owns 839 shares of the construction company’s stock worth $26,000 after buying an additional 672 shares during the last quarter. Advisor Group Inc. grew its position in Winnebago Industries by 103.4% in the fourth quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock worth $40,000 after buying an additional 841 shares during the last quarter. AlphaOne Investment Services LLC grew its position in Winnebago Industries by 39.7% in the fourth quarter. AlphaOne Investment Services LLC now owns 1,721 shares of the construction company’s stock worth $42,000 after buying an additional 489 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Winnebago Industries by 27.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock worth $48,000 after buying an additional 428 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Winnebago Industries by 8,860.3% in the first quarter. BNP Paribas Arbitrage SA now owns 6,541 shares of the construction company’s stock worth $204,000 after buying an additional 6,468 shares during the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.

NYSE WGO traded down $0.51 on Friday, hitting $33.69. 317,200 shares of the stock were exchanged, compared to its average volume of 593,763. Winnebago Industries, Inc. has a 52-week low of $19.77 and a 52-week high of $47.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.82. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.44 and a beta of 1.52.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Monday, March 25th. The construction company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.12. The firm had revenue of $432.70 million for the quarter, compared to analysts’ expectations of $443.05 million. Winnebago Industries had a net margin of 5.24% and a return on equity of 19.11%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. On average, research analysts forecast that Winnebago Industries, Inc. will post 3.5 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Tuesday, June 18th. Winnebago Industries’s dividend payout ratio (DPR) is currently 13.97%.

In related news, CFO Bryan L. Hughes bought 2,500 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was bought at an average price of $29.58 per share, with a total value of $73,950.00. Following the purchase, the chief financial officer now directly owns 19,288 shares of the company’s stock, valued at approximately $570,539.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael J. Happe bought 3,500 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were bought at an average cost of $29.19 per share, with a total value of $102,165.00. Following the purchase, the chief executive officer now directly owns 56,671 shares in the company, valued at $1,654,226.49. The disclosure for this purchase can be found here. Company insiders own 3.57% of the company’s stock.

Several research firms have weighed in on WGO. TheStreet upgraded shares of Winnebago Industries from a “c+” rating to a “b-” rating in a research report on Monday, February 11th. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Saturday, February 9th. Jefferies Financial Group began coverage on shares of Winnebago Industries in a research report on Thursday, March 28th. They set a “hold” rating and a $31.00 price objective on the stock. ValuEngine upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Finally, BMO Capital Markets lowered their price objective on shares of Winnebago Industries to $42.00 and set an “outperform” rating on the stock in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $38.83.

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Winnebago Industries Profile

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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