Winnebago Industries, Inc. $WGO Stock: Penn Capital Management Company LLC Boosts Stake

Penn Capital Management Company LLC grew its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 133.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 34,058 shares of the RV manufacturer’s stock after acquiring an additional 19,448 shares during the quarter. Penn Capital Management Company LLC owned about 0.12% of Winnebago Industries worth $898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pzena Investment Management LLC bought a new stake in Winnebago Industries in the second quarter worth $53,406,000. Maple Rock Capital Partners Inc. increased its position in Winnebago Industries by 33.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock valued at $48,710,000 after acquiring an additional 389,400 shares during the last quarter. William Blair Investment Management LLC bought a new position in Winnebago Industries during the second quarter valued at $9,545,000. Arrowstreet Capital Limited Partnership increased its position in Winnebago Industries by 72.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after acquiring an additional 280,017 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Winnebago Industries during the second quarter valued at $5,881,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WGO shares. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, October 22nd. Citigroup lifted their price target on shares of Winnebago Industries from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Weiss Ratings downgraded shares of Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Wall Street Zen downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Raymond James Financial reissued a “market perform” rating on shares of Winnebago Industries in a research report on Wednesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Winnebago Industries presently has an average rating of “Hold” and a consensus target price of $34.11.

Winnebago Industries Price Performance

Shares of WGO stock opened at $31.15 on Wednesday. The stock has a 50 day moving average price of $27.64 and a 200 day moving average price of $32.29. Winnebago Industries, Inc. has a 52-week low of $21.95 and a 52-week high of $50.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.04 and a current ratio of 2.17. The firm has a market capitalization of $887.18 million, a P/E ratio of 25.74 and a beta of 1.21.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Tuesday, September 29th. The RV manufacturer reported $0.49 EPS for the quarter. Winnebago Industries had a return on equity of 4.16% and a net margin of 1.28%. As a group, sell-side analysts predict that Winnebago Industries, Inc. will post 1.93 earnings per share for the current year.

Insider Activity

In other news, SVP Bret A. Woodson sold 1,235 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total value of $39,186.55. Following the transaction, the senior vice president directly owned 31,373 shares in the company, valued at approximately $995,465.29. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Stacy L. Bogart sold 14,146 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $33.73, for a total transaction of $477,144.58. Following the completion of the transaction, the senior vice president directly owned 69,821 shares in the company, valued at $2,355,062.33. This represents a 16.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 29,840 shares of company stock valued at $988,803. 5.42% of the stock is currently owned by company insiders.

Winnebago Industries Profile

Winnebago Industries, Inc. designs and manufactures recreational vehicles and marine products. Its RV lineup includes motorhomes and towable recreational vehicles, while its marine business makes pontoons and powerboats. The company sells products under brands including Winnebago, Grand Design RV, Newmar, Chris-Craft and Barletta. Its offerings serve a range of recreational customers, from RV travelers to recreational boaters. Founded in 1958, Winnebago Industries is headquartered in Eden Prairie, Minnesota, and serves customers primarily in North America through a network of independent dealers.