Cooke & Bieler LP boosted its stake in Winnebago Industries, Inc. (NYSE:WGO – Get Rating) by 13.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,371,057 shares of the construction company's stock after acquiring an additional 276,970 shares during the period. Cooke & Bieler LP owned 0.07% of Winnebago Industries worth $115,139,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in WGO. Point72 Hong Kong Ltd bought a new stake in Winnebago Industries in the fourth quarter valued at approximately $34,000. C M Bidwell & Associates Ltd. lifted its stake in Winnebago Industries by 1,487.5% in the first quarter. C M Bidwell & Associates Ltd. now owns 635 shares of the construction company's stock valued at $34,000 after buying an additional 595 shares during the period. Advisors Asset Management Inc. raised its position in shares of Winnebago Industries by 71.8% during the first quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company's stock worth $34,000 after purchasing an additional 260 shares during the period. Islay Capital Management LLC acquired a new position in shares of Winnebago Industries during the first quarter worth approximately $84,000. Finally, Captrust Financial Advisors raised its position in shares of Winnebago Industries by 79.6% during the first quarter. Captrust Financial Advisors now owns 3,134 shares of the construction company's stock worth $169,000 after purchasing an additional 1,389 shares during the period. 97.78% of the stock is currently owned by institutional investors.
Get Winnebago Industries alerts:Analyst Upgrades and Downgrades
WGO has been the topic of a number of research reports. TheStreet lowered Winnebago Industries from a "b-" rating to a "c+" rating in a research report on Monday, June 13th. Robert W. Baird dropped their price objective on shares of Winnebago Industries from $80.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, June 23rd. StockNews.com lowered shares of Winnebago Industries from a "buy" rating to a "hold" rating in a research report on Thursday. BMO Capital Markets assumed coverage on shares of Winnebago Industries in a research report on Friday, June 24th. They set a "buy" rating and a $85.00 price target on the stock. Finally, MKM Partners lowered shares of Winnebago Industries from a "buy" rating to a "neutral" rating and set a $67.00 price objective on the stock. in a research report on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $73.75.
Winnebago Industries Stock Down 4.1 %
NYSE:WGO opened at $53.17 on Friday. The firm's 50-day moving average price is $59.39 and its 200-day moving average price is $55.05. The company has a market capitalization of $1.69 billion, a PE ratio of 4.58 and a beta of 1.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.09 and a quick ratio of 1.18. Winnebago Industries, Inc. has a 1-year low of $43.05 and a 1-year high of $80.30.Winnebago Industries Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This is an increase from Winnebago Industries's previous quarterly dividend of $0.18. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.03%. Winnebago Industries's dividend payout ratio is currently 9.30%.
About Winnebago Industries
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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 six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.
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