Y Intercept Hong Kong Ltd Takes Position in Winnebago Industries, Inc. (NYSE:WGO)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,602 shares of the construction company’s stock, valued at approximately $616,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WGO. Pacer Advisors Inc. lifted its stake in shares of Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after acquiring an additional 463,257 shares during the period. Millennium Management LLC lifted its stake in shares of 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 acquiring an additional 199,264 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Winnebago Industries in the second quarter worth approximately $9,708,000. Janus Henderson Group PLC lifted its stake in shares of Winnebago Industries by 1,242.6% in the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after acquiring an additional 168,055 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Winnebago Industries in the second quarter worth approximately $7,976,000.

Winnebago Industries Trading Down 2.2 %

NYSE WGO opened at $55.41 on Friday. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 184.71 and a beta of 1.60. Winnebago Industries, Inc. has a 52 week low of $49.68 and a 52 week high of $75.42. The business has a 50 day moving average price of $58.14 and a 200-day moving average price of $57.56. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.61). The firm had revenue of $720.90 million for 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 company’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 EPS. As a group, equities analysts expect that Winnebago Industries, Inc. will post 3.52 earnings per share for the current fiscal year.

Insider Activity at Winnebago Industries

In related news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William C. Fisher acquired 2,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was acquired 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 of the company’s stock, valued at approximately $1,768,554.27. The trade was a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by insiders.

Analysts Set New Price Targets

WGO has been the topic of a number of recent analyst reports. Benchmark cut their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research note 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. Truist Financial lowered their target price on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, October 24th. 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, StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Winnebago Industries presently 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.