Winnebago Industries, Inc. (NYSE:WGO) Shares Acquired by Aviance Capital Partners LLC

Aviance Capital Partners LLC raised its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 20.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,138 shares of the construction company’s stock after buying an additional 3,751 shares during the period. Aviance Capital Partners LLC’s holdings in Winnebago Industries were worth $1,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WGO. 1832 Asset Management L.P. raised its holdings in Winnebago Industries by 484.1% during the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after purchasing an additional 832,187 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after buying an additional 463,257 shares in the last quarter. Millennium Management LLC increased its holdings in Winnebago Industries by 1,772.8% in the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after buying an additional 199,264 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Winnebago Industries during the 2nd quarter worth $9,708,000. Finally, Marshall Wace LLP acquired a new stake in Winnebago Industries during the 2nd quarter valued at $7,976,000.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, CEO Michael J. Happe purchased 2,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were purchased at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the purchase, the chief executive officer now directly owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the transaction, the senior vice president now owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by corporate insiders.

Winnebago Industries Stock Down 3.7 %

Shares of WGO stock opened at $58.71 on Tuesday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 195.71 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The stock’s 50 day simple moving average is $58.00 and its 200 day simple moving average is $58.08. Winnebago Industries, Inc. has a twelve month low of $49.68 and a twelve month high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). The firm had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. Winnebago Industries’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 earnings per share. As a group, research analysts predict that Winnebago Industries, Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the company. Robert W. Baird lowered their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial reduced their price objective on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. BMO Capital Markets cut their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Benchmark lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.13.

Winnebago Industries Profile

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.