NJ State Employees Deferred Compensation Plan Invests $420,000 in Winnebago Industries, Inc. (NYSE:WGO)

NJ State Employees Deferred Compensation Plan acquired a new position in Winnebago Industries, Inc. (NYSE:WGO) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,000 shares of the construction company’s stock, valued at approximately $420,000.

Several other hedge funds have also bought and sold shares of WGO. Palouse Capital Management Inc. boosted its stake in Winnebago Industries by 0.9% in the first quarter. Palouse Capital Management Inc. now owns 7,410 shares of the construction company’s stock worth $217,000 after buying an additional 64 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Winnebago Industries by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the construction company’s stock worth $316,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its position in shares of Winnebago Industries by 1.5% in the first quarter. Arizona State Retirement System now owns 13,799 shares of the construction company’s stock worth $404,000 after buying an additional 200 shares during the period. Mason Street Advisors LLC raised its position in shares of Winnebago Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,204 shares of the construction company’s stock worth $181,000 after buying an additional 424 shares during the period. Finally, Aperio Group LLC raised its position in shares of Winnebago Industries by 3.6% in the second quarter. Aperio Group LLC now owns 16,825 shares of the construction company’s stock worth $589,000 after buying an additional 589 shares during the period. 79.58% of the stock is owned by hedge funds and other institutional investors.

Winnebago Industries, Inc. (NYSE:WGO) traded up 1.33% during mid-day trading on Friday, hitting $34.35. 597,331 shares of the stock traded hands. Winnebago Industries, Inc. has a 12 month low of $22.11 and a 12 month high of $39.30. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 17.16 and a beta of 1.98. The stock’s 50 day moving average is $35.17 and its 200-day moving average is $30.91.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, June 21st. The construction company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.22. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The business had revenue of $476.40 million for the quarter, compared to the consensus estimate of $440.94 million. During the same quarter last year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 75.1% compared to the same quarter last year. On average, equities research analysts anticipate that Winnebago Industries, Inc. will post $2.23 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Monday, July 10th. Winnebago Industries’s payout ratio is currently 20.00%.

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WGO has been the subject of a number of research analyst reports. CL King initiated coverage on Winnebago Industries in a research note on Monday, April 24th. They issued a “buy” rating and a $32.00 target price for the company. BMO Capital Markets restated a “market perform” rating and issued a $34.00 price target (up previously from $29.00) on shares of Winnebago Industries in a research note on Thursday, June 22nd. BidaskClub upgraded Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Finally, Stifel Nicolaus initiated coverage on Winnebago Industries in a report on Thursday, July 6th. They issued a “buy” rating and a $40.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $34.83.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.

Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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