TT International Asset Management LTD Has $3.07 Million Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

TT International Asset Management LTD raised its holdings in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 641.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,903 shares of the construction company's stock after purchasing an additional 45,771 shares during the period. TT International Asset Management LTD owned 0.18% of Winnebago Industries worth $3,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of WGO. Assenagon Asset Management S.A. lifted its stake in shares of Winnebago Industries by 13.5% during the second quarter. Assenagon Asset Management S.A. now owns 34,495 shares of the construction company's stock valued at $1,870,000 after buying an additional 4,103 shares during the period. Louisiana State Employees Retirement System increased its position in Winnebago Industries by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company's stock worth $797,000 after purchasing an additional 200 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Winnebago Industries by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 376,829 shares of the construction company's stock worth $20,424,000 after acquiring an additional 1,681 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of Winnebago Industries in the second quarter worth $490,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Winnebago Industries by 12.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,554 shares of the construction company's stock worth $355,000 after acquiring an additional 711 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WGO. Northcoast Research raised 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 decreased their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Benchmark decreased their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. Truist Financial decreased their target price on shares of Winnebago Industries from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Finally, StockNews.com downgraded shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.13.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock traded down $0.57 during trading hours on Wednesday, reaching $57.23. The company's stock had a trading volume of 102,552 shares, compared to its average volume of 580,998. The company's 50 day simple moving average is $58.21 and its 200 day simple moving average is $57.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42. The stock has a market cap of $1.66 billion, a P/E ratio of 192.61 and a beta of 1.60.

Winnebago Industries (NYSE:WGO - Get Free Report) last released 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 return on equity of 7.97% and a net margin of 0.44%. The firm had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. During the same period last year, the business earned $1.59 EPS. The firm's revenue was down 6.5% on a year-over-year basis. As a group, analysts expect that Winnebago Industries, Inc. will post 3.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael J. Happe bought 2,500 shares of the stock in a transaction on Tuesday, October 29th. The shares were purchased at an average price of $55.52 per share, with a total value of $138,800.00. Following the purchase, the chief executive officer now owns 285,953 shares in the company, valued at approximately $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.63% of the company's stock.

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.