Prescott Group Capital Management L.L.C. Makes New Investment in Winnebago Industries, Inc. (NYSE:WGO)

Prescott Group Capital Management L.L.C. bought a new position in Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 30,000 shares of the construction company's stock, valued at approximately $1,433,000. Prescott Group Capital Management L.L.C. owned about 0.11% of Winnebago Industries as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after buying an additional 173,274 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Winnebago Industries by 1,242.6% in the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company's stock valued at $10,552,000 after buying an additional 168,055 shares during the period. Wellington Management Group LLP acquired a new position in shares of Winnebago Industries in the 3rd quarter valued at about $7,750,000. LHM Inc. acquired a new position in shares of Winnebago Industries in the 4th quarter valued at about $6,077,000. Finally, NFJ Investment Group LLC acquired a new position in shares of Winnebago Industries in the 3rd quarter valued at about $3,263,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on WGO. DA Davidson decreased their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, December 24th. StockNews.com raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a report on Thursday. KeyCorp raised shares of Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 target price for the company in a research note on Wednesday, January 8th. Truist Financial boosted their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Finally, Northcoast Research raised shares of Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Winnebago Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

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Winnebago Industries Price Performance

Shares of NYSE:WGO traded up $0.81 during trading on Friday, reaching $37.66. The company had a trading volume of 1,252,151 shares, compared to its average volume of 624,091. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The firm's fifty day moving average is $45.22 and its 200 day moving average is $53.03. Winnebago Industries, Inc. has a twelve month low of $34.12 and a twelve month high of $74.10. The firm has a market capitalization of $1.07 billion, a PE ratio of -57.05 and a beta of 1.70.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The firm's revenue for the quarter was down 18.0% compared to the same quarter last year. On average, equities analysts forecast that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.61%. Winnebago Industries's dividend payout ratio is currently -206.06%.

Insider Activity

In other news, Director Jacqueline D. Woods sold 1,503 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.63% of the stock is owned by company insiders.

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.