Illinois Municipal Retirement Fund Grows Position in Winnebago Industries, Inc. (NYSE:WGO)

Illinois Municipal Retirement Fund increased its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 15.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,190 shares of the construction company’s stock after buying an additional 2,552 shares during the period. Illinois Municipal Retirement Fund’s holdings in Winnebago Industries were worth $1,420,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Winnebago Industries during the fourth quarter worth approximately $30,000. Principal Securities Inc. purchased a new stake in shares of Winnebago Industries during the fourth quarter worth approximately $39,000. TFO Wealth Partners LLC increased its stake in shares of Winnebago Industries by 33,433.3% during the fourth quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after buying an additional 2,006 shares during the period. Vest Financial LLC purchased a new position in Winnebago Industries in the fourth quarter valued at approximately $239,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Winnebago Industries in the first quarter valued at approximately $249,000.

Wall Street Analysts Forecast Growth

WGO has been the topic of several recent analyst reports. Roth Mkm dropped their price target on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. BMO Capital Markets dropped their price target on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Truist Financial dropped their price target on shares of Winnebago Industries from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Robert W. Baird decreased their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Finally, Citigroup increased their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.67.

Winnebago Industries Stock Up 4.2 %

Shares of NYSE:WGO opened at $56.87 on Monday. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. Winnebago Industries, Inc. has a 52-week low of $49.68 and a 52-week high of $75.42. The company has a 50 day moving average of $57.91 and a two-hundred day moving average of $64.10. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 21.96 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). The firm had revenue of $786.00 million during the quarter, compared to analyst estimates of $798.26 million. Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The firm’s revenue was down 12.7% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. As a group, analysts forecast that Winnebago Industries, Inc. will post 4.29 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.18%. The ex-dividend date was Wednesday, June 12th. Winnebago Industries’s dividend payout ratio (DPR) is presently 47.88%.

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.