Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Punch Card Management L.P.

Punch Card Management L.P. reduced its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 58.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,480 shares of the construction company's stock after selling 585,093 shares during the quarter. Winnebago Industries accounts for approximately 7.1% of Punch Card Management L.P.'s investment portfolio, making the stock its 3rd biggest holding. Punch Card Management L.P. owned approximately 1.42% of Winnebago Industries worth $23,911,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WGO. Quantbot Technologies LP grew its holdings in Winnebago Industries by 94.5% in the 3rd quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company's stock valued at $3,736,000 after buying an additional 31,242 shares in the last quarter. Entropy Technologies LP lifted its position in shares of Winnebago Industries by 89.2% during the 3rd quarter. Entropy Technologies LP now owns 18,659 shares of the construction company's stock worth $1,084,000 after buying an additional 8,796 shares during the last quarter. Quest Partners LLC increased its position in Winnebago Industries by 3,334.2% during the 2nd quarter. Quest Partners LLC now owns 17,583 shares of the construction company's stock worth $953,000 after purchasing an additional 17,071 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Winnebago Industries during the second quarter valued at about $670,000. Finally, SG Americas Securities LLC acquired a new position in Winnebago Industries in the 3rd quarter valued at approximately $850,000.

Analyst Upgrades and Downgrades

WGO has been the topic of several analyst reports. Robert W. Baird decreased their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. 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 note on Thursday, October 24th. Truist Financial cut their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Benchmark cut their price target on Winnebago Industries from $75.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of Winnebago Industries from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Winnebago Industries currently has an average rating of "Moderate Buy" and an average price target of $68.13.

Winnebago Industries Price Performance

Shares of WGO stock traded up $1.04 during trading hours on Thursday, reaching $57.65. The stock had a trading volume of 227,736 shares, compared to its average volume of 584,560. The stock's fifty day simple moving average is $58.26 and its 200 day simple moving average is $57.72. The firm has a market capitalization of $1.67 billion, a PE ratio of 190.04 and a beta of 1.60. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. Winnebago Industries, Inc. has a 12 month low of $49.68 and a 12 month high of $75.42.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share 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 firm had revenue of $720.90 million for the quarter, compared to analysts' expectations of $718.72 million. During the same period in the prior year, the business posted $1.59 earnings per share. The business's quarterly revenue was down 6.5% on a year-over-year basis. On average, equities research analysts predict that Winnebago Industries, Inc. will post 3.52 EPS for the current year.

Insider Activity

In other news, SVP Bret A. Woodson sold 12,187 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the sale, the senior vice president now directly owns 23,728 shares in the company, valued at approximately $1,343,953.92. This trade represents a 33.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael J. Happe purchased 2,500 shares of the stock in a transaction on Tuesday, October 29th. The shares were purchased at an average cost of $55.52 per share, with a total value of $138,800.00. Following the transaction, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This trade represents a 0.88 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company's stock.

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.