Northern Trust Corp increased its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 421,938 shares of the construction company’s stock after purchasing an additional 5,986 shares during the quarter. Northern Trust Corp owned approximately 1.33% of Winnebago Industries worth $17,130,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of WGO. LSV Asset Management lifted its stake in Winnebago Industries by 475.3% during the second quarter. LSV Asset Management now owns 1,622,600 shares of the construction company’s stock worth $65,877,000 after purchasing an additional 1,340,552 shares during the last quarter. J. L. Bainbridge & Co. Inc. purchased a new stake in Winnebago Industries during the second quarter worth approximately $24,440,000. Advisors Asset Management Inc. lifted its stake in Winnebago Industries by 890.7% during the second quarter. Advisors Asset Management Inc. now owns 264,426 shares of the construction company’s stock worth $1,103,000 after purchasing an additional 237,734 shares during the last quarter. Gendell Jeffrey L lifted its stake in Winnebago Industries by 84.9% during the second quarter. Gendell Jeffrey L now owns 496,896 shares of the construction company’s stock worth $20,174,000 after purchasing an additional 228,184 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Winnebago Industries by 4.9% during the second quarter. BlackRock Inc. now owns 4,129,390 shares of the construction company’s stock worth $167,654,000 after purchasing an additional 191,048 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.
WGO has been the subject of several recent analyst reports. ValuEngine cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Zacks Investment Research cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Northcoast Research restated a “buy” rating on shares of Winnebago Industries in a research note on Friday, August 17th. Finally, Robert W. Baird decreased their target price on Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $51.60.
WGO opened at $29.15 on Friday. The company has a market cap of $846.09 million, a price-to-earnings ratio of 9.25 and a beta of 1.62. Winnebago Industries, Inc. has a 52 week low of $25.21 and a 52 week high of $58.65. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, October 17th. The construction company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.91 by $0.03. The company had revenue of $536.20 million for the quarter, compared to analyst estimates of $498.30 million. Winnebago Industries had a return on equity of 20.27% and a net margin of 5.08%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. Equities analysts predict that Winnebago Industries, Inc. will post 3.67 earnings per share for the current fiscal year.
About Winnebago Industries
Winnebago Industries, Inc manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities. It operates through two segments, Motorized and Towable. The company manufactures motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support various other lifestyles under the Winnebago brand.
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