Texas Permanent School Fund Corp Has $1.53 Million Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Texas Permanent School Fund Corp increased its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 9.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,128 shares of the construction company’s stock after purchasing an additional 2,539 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.10% of Winnebago Industries worth $1,525,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in Winnebago Industries in the 4th quarter valued at approximately $39,000. Innealta Capital LLC acquired a new position in Winnebago Industries in the 2nd quarter valued at approximately $45,000. EntryPoint Capital LLC acquired a new position in Winnebago Industries in the 1st quarter valued at approximately $75,000. nVerses Capital LLC acquired a new position in Winnebago Industries in the 2nd quarter valued at approximately $76,000. Finally, TFO Wealth Partners LLC increased its position in Winnebago Industries by 33,433.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock valued at $147,000 after acquiring an additional 2,006 shares during the period.

Insider Buying and Selling

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.75% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on WGO shares. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Thursday. Roth Mkm reduced their price objective 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. Benchmark assumed coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective on the stock. Citigroup upped 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. Finally, Truist Financial reduced their price objective 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.57.

Winnebago Industries Stock Up 2.7 %

Shares of NYSE WGO opened at $59.55 on Friday. The firm has a market cap of $1.72 billion, a PE ratio of 22.95 and a beta of 1.62. Winnebago Industries, Inc. has a 12-month low of $49.68 and a 12-month high of $75.42. The company’s fifty day simple moving average is $57.91 and its 200 day simple moving average is $60.53. 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 (NYSE:WGO) last issued its earnings results 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 company had revenue of $786.00 million for the quarter, compared to the consensus estimate of $798.26 million. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The firm’s revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 earnings per share. As a group, sell-side analysts forecast that Winnebago Industries, Inc. will post 4.19 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.28%. Winnebago Industries’s dividend payout ratio is currently 52.51%.

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.