Entropy Technologies LP Buys 8,796 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Entropy Technologies LP raised its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 89.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,659 shares of the construction company’s stock after acquiring an additional 8,796 shares during the period. Entropy Technologies LP owned approximately 0.06% of Winnebago Industries worth $1,084,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. raised its position in Winnebago Industries by 484.1% in the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after purchasing an additional 832,187 shares during the period. Pacer Advisors Inc. grew its position in Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after acquiring an additional 463,257 shares during the last quarter. Millennium Management LLC increased its stake in Winnebago Industries by 1,772.8% in the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after purchasing an additional 199,264 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Winnebago Industries during the second quarter worth $9,708,000. Finally, Marshall Wace LLP purchased a new stake in shares of Winnebago Industries during the second quarter valued at $7,976,000.

Insiders Place Their Bets

In other news, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the transaction, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William C. Fisher bought 2,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were bought at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the transaction, the director now owns 32,267 shares in the company, valued at $1,768,554.27. The trade was a 0.00 % 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 Price Performance

Shares of WGO stock opened at $61.20 on Thursday. The stock’s 50-day moving average is $57.79 and its 200 day moving average is $58.15. Winnebago Industries, Inc. has a 1-year low of $49.68 and a 1-year high of $75.42. 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 company has a market cap of $1.77 billion, a P/E ratio of 204.01 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last released its quarterly 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). The firm had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 earnings per share. Research analysts predict that Winnebago Industries, Inc. will post 3.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WGO shares. Benchmark decreased their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Truist Financial dropped their price objective on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. 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. BMO Capital Markets cut their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Winnebago Industries currently has a consensus rating of “Moderate Buy” and an average target price of $68.13.

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.