Vestcor Inc Sells 12,186 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Vestcor Inc cut its stake in Winnebago Industries, Inc. (NYSE:WGO) by 70.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,019 shares of the construction company’s stock after selling 12,186 shares during the period. Vestcor Inc’s holdings in Winnebago Industries were worth $240,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WGO. Smartleaf Asset Management LLC raised its stake in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after buying an additional 390 shares in the last quarter. R Squared Ltd acquired a new position in shares of Winnebago Industries in the 4th quarter valued at $43,000. Quarry LP raised its stake in shares of Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares in the last quarter. KBC Group NV raised its stake in shares of Winnebago Industries by 64.5% in the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after buying an additional 587 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of Winnebago Industries in the 3rd quarter valued at $152,000.

Insider Transactions at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the sale, the director now owns 10,985 shares in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.63% of the stock is owned by corporate insiders.

Winnebago Industries Trading Down 3.2 %

Shares of NYSE WGO opened at $34.63 on Wednesday. Winnebago Industries, Inc. has a 1-year low of $34.12 and a 1-year high of $74.10. The company has a market cap of $983.25 million, a PE ratio of -52.46 and a beta of 1.70. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $43.47 and a two-hundred day moving average of $51.81.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same period in the prior year, the firm posted $1.06 earnings per share. The company’s revenue was down 18.0% on a year-over-year basis. As a group, equities analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WGO. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday. Benchmark reiterated a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Truist Financial lifted their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday, February 10th. KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a report on Wednesday, January 8th. Finally, DA Davidson cut their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

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.