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

Quantbot Technologies LP increased its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 94.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,291 shares of the construction company’s stock after purchasing an additional 31,242 shares during the quarter. Quantbot Technologies LP owned 0.22% of Winnebago Industries worth $3,736,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Winnebago Industries by 10.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock worth $33,408,000 after purchasing an additional 54,272 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Winnebago Industries by 123.5% during the third quarter. Intech Investment Management LLC now owns 13,960 shares of the construction company’s stock worth $811,000 after purchasing an additional 7,715 shares during the period. Aviance Capital Partners LLC lifted its holdings in shares of Winnebago Industries by 20.4% during the third quarter. Aviance Capital Partners LLC now owns 22,138 shares of the construction company’s stock worth $1,286,000 after purchasing an additional 3,751 shares during the period. Empowered Funds LLC lifted its holdings in shares of Winnebago Industries by 5.3% during the third quarter. Empowered Funds LLC now owns 124,191 shares of the construction company’s stock worth $7,217,000 after purchasing an additional 6,298 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Winnebago Industries during the third quarter worth about $1,025,000.

Insider Buying and Selling

In other news, Director William C. Fisher purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 6.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. The trade was a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.63% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WGO has been the subject of a number of research reports. 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 report on Thursday, October 24th. Robert W. Baird decreased their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Benchmark decreased their price target on 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 decreased their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Northcoast Research raised 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. One 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.13.

Winnebago Industries Stock Down 3.6 %

Winnebago Industries stock opened at $58.93 on Wednesday. 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 12 month low of $49.68 and a 12 month high of $75.42. The business 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 current ratio of 2.44 and a quick ratio of 1.36.

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

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.