Empowered Funds LLC Has $7.22 Million Position in Winnebago Industries, Inc. (NYSE:WGO)

Empowered Funds LLC increased its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,191 shares of the construction company’s stock after buying an additional 6,298 shares during the period. Empowered Funds LLC’s holdings in Winnebago Industries were worth $7,217,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares during the period. Sound Income Strategies LLC grew its position in shares of Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after buying an additional 286 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Winnebago Industries in the second quarter valued at about $45,000. EntryPoint Capital LLC bought a new position in shares of Winnebago Industries during the first quarter worth about $75,000. Finally, nVerses Capital LLC acquired a new position in shares of Winnebago Industries in the second quarter worth approximately $76,000.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock opened at $60.94 on Friday. The business has a 50-day simple moving average of $57.95 and a 200 day simple moving average of $58.13. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 203.14 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its earnings results 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). 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 for the quarter, compared to analyst estimates of $718.72 million. During the same period in the previous year, the company earned $1.59 earnings per share. Winnebago Industries’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, research analysts anticipate that Winnebago Industries, Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WGO. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Benchmark dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, November 11th. Truist Financial lowered 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. Finally, BMO Capital Markets decreased their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Winnebago Industries presently has an average rating of “Moderate Buy” and an average price target of $68.13.

Insider Buying and Selling at Winnebago Industries

In related news, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the transaction, the senior vice president now owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. This trade represents a 33.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Happe acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 285,953 shares in the company, valued at approximately $15,876,110.56. This represents 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.

Winnebago Industries Company 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.