Hawaii’s First Bank Invests $202,000 in Winnebago Industries, Inc. (NYSE: WGO)

First Hawaiian Bank acquired a new position in the shares of Winnebago Industries, Inc. (NYSE: WGO – Get Rating) in Q1, according to the company in its most recent filing with the Securities and Exchange Commission. The company acquired 3,735 shares of the construction company, valued at approximately $202,000.

Several other hedge funds have also recently changed their positions in WGO. Oxford Financial Group Ltd. increased its position in Winnebago Industries shares by 80.8% during the 4th quarter. Oxford Financial Group Ltd. now owns 888,457 shares of the construction company worth $66,563,000 after purchasing an additional 397,122 shares during the period. Wasatch Advisors Inc. bought a new position in shares of Winnebago Industries in the 4th quarter for a value of $26,319,000. LSV Asset Management increased its equity stake in Winnebago Industries by 272.0% in the 4th quarter. LSV Asset Management now owns 379,420 shares of the construction company worth $28,426,000 after buying an additional 277,420 shares last quarter. Allspring Global Investments Holdings LLC purchased a new stock position in Winnebago Industries in Q4 for $5,889,000. Finally, Victory Capital Management Inc. increased its equity stake in Winnebago Industries by 168.7% in the fourth quarter. Victory Capital Management Inc. now owns 91,393 shares of the construction company worth $6,847,000 after purchasing an additional 57,383 shares in the last quarter. 94.86% of the shares are held by institutional investors.

NYSE:WGO shares opened at $51.27 on Friday. The company’s 50-day moving average is $51.11 and its 200-day moving average is $59.93. The company has a debt ratio of 0.43, a quick ratio of 1.16 and a current ratio of 2.09. The company has a market capitalization of $1.68 billion, a P/E ratio of 5.08 and a beta of 1.70. Winnebago Industries, Inc. has a fifty-two week low of $43.05 and a fifty-two week high of $80.30.

Winnebago Industries (NYSE:WGO – Get Rating) last reported results on Wednesday, June 22. The construction company reported earnings per share of $4.13 for the quarter, beating consensus analyst estimates of $2.96 from $1.17. Winnebago Industries achieved a net margin of 8.14% and a return on equity of 38.46%. During the same period of the previous year, the company achieved EPS of $2.16. As a group, research analysts predict Winnebago Industries, Inc. will post 12.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 29. Shareholders of record on Wednesday, June 8 will receive a dividend of $0.18. This represents a dividend of $0.72 on an annualized basis and a yield of 1.40%. The ex-dividend date is Tuesday, June 7. Winnebago Industries’ payout rate is 7.14%.

A number of stock analysts have recently released reports on WGO shares. TheStreet upgraded Winnebago Industries from a “b-” to a “c+” rating in a Monday, June 13 report. Robert W. Baird lowered his price target on Winnebago Industries from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday. Citigroup lowered its price target on Winnebago Industries from $74.00 to $67.00 and set a “buy” rating on the stock in a Tuesday, April 19 research note. DA Davidson downgraded Winnebago Industries from a “buy” rating to a “neutral” rating and set a price target of $52.00 on the stock. in a research note on Thursday, May 19. Finally, BMO Capital Markets launched a hedge on Winnebago Industries in a research note on Friday. They set a “buy” rating and a price target of $85.00 on the stock. Three analysts gave the stock a hold rating, seven issued a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $73.75.

Profile of Winnebago Industries (Get a rating)

Winnebago Industries, Inc. manufactures and sells recreational vehicles and marine products primarily for leisure travel and outdoor recreational activities. The Company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine and Winnebago Specialty Vehicles.

Further reading

Want to see what other hedge funds own WGO? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Winnebago Industries, Inc. (NYSE:WGO – Get Rating).

Institutional ownership by quarter for Winnebago Industries (NYSE:WGO)

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