Winnebago Industries, Inc. (NYSE:WGO) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in Winnebago Industries, Inc. (NYSE:WGO) by 94.5% in the third quarter, Holdings Channel reports. The fund owned 64,291 shares of the construction company’s stock after purchasing an additional 31,242 shares during the period. Quantbot Technologies LP’s holdings in Winnebago Industries were worth $3,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WGO. Bayesian Capital Management LP purchased a new position in shares of Winnebago Industries during the 1st quarter worth $681,000. Entropy Technologies LP grew its holdings in shares of Winnebago Industries by 89.2% during the 3rd quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock worth $1,084,000 after purchasing an additional 8,796 shares during the period. Quest Partners LLC grew its holdings in shares of Winnebago Industries by 3,334.2% during the 2nd quarter. Quest Partners LLC now owns 17,583 shares of the construction company’s stock worth $953,000 after purchasing an additional 17,071 shares during the period. XTX Topco Ltd purchased a new position in shares of Winnebago Industries during the 2nd quarter worth $670,000. Finally, SG Americas Securities LLC purchased a new position in shares of Winnebago Industries during the 3rd quarter worth $850,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Benchmark lowered their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company 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 target price for the company in a report on Monday, November 11th. BMO Capital Markets lowered their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Robert W. Baird lowered their target price on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.13.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, Director William C. Fisher bought 2,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. The trade was a 6.61 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. Happe bought 2,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the transaction, 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. Corporate insiders own 4.63% of the company’s stock.

Winnebago Industries Stock Performance

Shares of WGO opened at $58.93 on Wednesday. The stock has a 50-day simple moving average of $58.30 and a 200-day simple moving average of $57.94. 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 has a market capitalization of $1.70 billion, a PE ratio of 196.44 and a beta of 1.60. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42.

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

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.