Pacer Advisors Inc. Has $69.56 Million Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Pacer Advisors Inc. lowered its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 16.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,197,028 shares of the construction company’s stock after selling 234,736 shares during the quarter. Pacer Advisors Inc.’s holdings in Winnebago Industries were worth $69,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. 1832 Asset Management L.P. raised its position in shares of Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after purchasing an additional 832,187 shares during the period. Millennium Management LLC raised its holdings in Winnebago Industries by 1,772.8% in the 2nd quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after acquiring an additional 199,264 shares during the period. Edgestream Partners L.P. acquired a new position in Winnebago Industries during the 2nd quarter worth $9,708,000. Marshall Wace LLP acquired a new stake in shares of Winnebago Industries in the second quarter valued at about $7,976,000. Finally, American Century Companies Inc. lifted its position in shares of Winnebago Industries by 8.8% during the 2nd quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock worth $46,697,000 after purchasing an additional 69,453 shares during the last quarter.

Insiders Place Their Bets

In other Winnebago Industries news, Director William C. Fisher acquired 2,000 shares of Winnebago Industries stock in a transaction on Monday, October 28th. The shares were bought at an average price of $54.81 per share, with a total value of $109,620.00. Following the completion of the purchase, the director now owns 32,267 shares in the company, valued at $1,768,554.27. This trade represents a 6.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael J. Happe bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the acquisition, the chief executive officer now directly owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. The trade was a 0.88 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on WGO shares. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Benchmark cut their price target on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Robert W. Baird cut 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 cut their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, BMO Capital Markets cut their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.13.

Winnebago Industries Stock Performance

Shares of NYSE:WGO opened at $58.50 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The business’s fifty day moving average price is $58.17 and its two-hundred day moving average price is $58.04. Winnebago Industries, Inc. has a fifty-two week low of $49.68 and a fifty-two week high of $75.42. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 195.01 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The firm had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. During the same period in the previous year, the company posted $1.59 EPS. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, analysts predict that Winnebago Industries, Inc. will post 3.54 EPS for the current fiscal year.

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.