Principal Financial Group Inc. Sells 8,587 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Principal Financial Group Inc. lowered its stake in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,991 shares of the construction company's stock after selling 8,587 shares during the quarter. Principal Financial Group Inc. owned about 0.55% of Winnebago Industries worth $9,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WGO. 1832 Asset Management L.P. lifted its holdings in shares of Winnebago Industries by 484.1% during 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 acquiring an additional 832,187 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 463,257 shares in the last quarter. Millennium Management LLC increased its stake in shares of Winnebago Industries by 1,772.8% in the 2nd quarter. Millennium Management LLC now owns 210,504 shares of the construction company's stock valued at $11,409,000 after purchasing an additional 199,264 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Winnebago Industries during the 2nd quarter worth $9,708,000. Finally, Marshall Wace LLP acquired a new position in shares of Winnebago Industries during the 2nd quarter worth $7,976,000.

Winnebago Industries Trading Down 1.9 %

WGO traded down $1.11 during midday trading on Tuesday, hitting $57.57. 183,962 shares of the company were exchanged, compared to its average volume of 586,190. The firm's 50 day moving average price is $58.00 and its 200-day moving average price is $58.08. Winnebago Industries, Inc. has a 1-year low of $49.68 and a 1-year high of $75.42. The firm has a market capitalization of $1.66 billion, a P/E ratio of 194.07 and a beta of 1.60. 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 - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. During the same quarter in the previous year, the company earned $1.59 earnings per share. The business's revenue was down 6.5% on a year-over-year basis. As a group, equities analysts forecast that Winnebago Industries, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Robert W. Baird decreased their target price on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Northcoast Research upgraded shares of Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Monday, November 11th. BMO Capital Markets cut their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Truist Financial decreased their target price on shares of Winnebago Industries from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com cut Winnebago Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Winnebago Industries currently has a consensus rating of "Moderate Buy" and an average price target of $68.13.

Insider Activity at Winnebago Industries

In other news, SVP Bret A. Woodson sold 12,187 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the transaction, the senior vice president now directly owns 23,728 shares of the company's stock, valued at $1,343,953.92. The trade was a 33.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William C. Fisher bought 2,000 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average price 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. This represents a 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is owned by company insiders.

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 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.