Waratah Capital Advisors Ltd. purchased a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 339,296 shares of the construction company’s stock, valued at approximately $13,012,000. Winnebago Industries comprises about 1.5% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 22nd largest holding. Waratah Capital Advisors Ltd. owned 1.07% of Winnebago Industries at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of WGO. Millennium Management LLC bought a new position in Winnebago Industries during the third quarter valued at $826,000. Man Group plc purchased a new stake in Winnebago Industries during the 3rd quarter valued at about $3,715,000. Castleark Management LLC purchased a new stake in Winnebago Industries during the 3rd quarter valued at about $4,058,000. California State Teachers Retirement System increased its holdings in shares of Winnebago Industries by 1.2% in the third quarter. California State Teachers Retirement System now owns 48,478 shares of the construction company’s stock valued at $1,859,000 after purchasing an additional 555 shares during the period. Finally, State Street Corp increased its holdings in shares of Winnebago Industries by 0.7% in the third quarter. State Street Corp now owns 911,298 shares of the construction company’s stock valued at $34,948,000 after purchasing an additional 6,181 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the stock. SunTrust Banks upped their price objective on shares of Winnebago Industries to $58.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Zacks Investment Research raised shares of Winnebago Industries from a “sell” rating to a “hold” rating and set a $53.00 price objective on the stock in a report on Saturday, October 26th. Robert W. Baird set a $42.00 target price on Winnebago Industries and gave the company a “buy” rating in a report on Tuesday, September 17th. Sidoti decreased their target price on Winnebago Industries from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Finally, BMO Capital Markets raised their price target on Winnebago Industries from $46.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $48.43.
In related news, VP Brian Daniel Hazelton sold 5,113 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $48.93, for a total transaction of $250,179.09. Following the completion of the sale, the vice president now directly owns 16,479 shares of the company’s stock, valued at approximately $806,317.47. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.80% of the company’s stock.
NYSE:WGO traded down $0.43 during trading hours on Tuesday, reaching $45.78. 11,431 shares of the company’s stock were exchanged, compared to its average volume of 428,011. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.52 and a beta of 1.64. The company has a 50-day moving average of $47.32 and a 200 day moving average of $39.02. The company has a quick ratio of 1.06, a current ratio of 2.08 and a debt-to-equity ratio of 0.39. Winnebago Industries, Inc. has a 1-year low of $19.77 and a 1-year high of $51.87.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, October 23rd. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The firm had revenue of $530.40 million for the quarter, compared to analyst estimates of $520.84 million. Winnebago Industries had a return on equity of 18.51% and a net margin of 5.63%. Winnebago Industries’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. Research analysts forecast that Winnebago Industries, Inc. will post 4.14 EPS for the current fiscal year.
About Winnebago Industries
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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