Winnebago Industries, Inc. (NYSE:WGO) Shares Bought by Vestcor Inc

Vestcor Inc lifted its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 105.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,205 shares of the construction company's stock after acquiring an additional 8,837 shares during the period. Vestcor Inc owned 0.06% of Winnebago Industries worth $1,000,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WGO. Pacer Advisors Inc. raised its position in 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 during the last quarter. Millennium Management LLC increased its position in 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 acquiring an additional 199,264 shares during the period. Edgestream Partners L.P. purchased a new stake in Winnebago Industries during the 2nd quarter valued at approximately $9,708,000. Janus Henderson Group PLC lifted its position in Winnebago Industries by 1,242.6% during the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company's stock worth $10,552,000 after acquiring an additional 168,055 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Winnebago Industries in the 2nd quarter valued at approximately $7,976,000.

Insider Buying and Selling at Winnebago Industries

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

Winnebago Industries Price Performance

NYSE:WGO traded down $1.22 during mid-day trading on Friday, hitting $55.41. 536,590 shares of the company's stock traded hands, compared to its average volume of 581,320. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The firm's 50 day simple moving average is $58.14 and its 200 day simple moving average is $57.57. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42. The company has a market cap of $1.60 billion, a PE ratio of 184.71 and a beta of 1.60.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). The company had revenue of $720.90 million for the quarter, compared to analysts' expectations of $718.72 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business's quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 EPS. Sell-side analysts expect that Winnebago Industries, Inc. will post 3.52 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on WGO shares. Northcoast Research raised shares of Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. Benchmark cut their target price on Winnebago Industries from $75.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. BMO Capital Markets dropped their price objective on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Robert W. Baird cut their price objective on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, StockNews.com cut shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. One equities research 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 presently has a consensus rating of "Moderate Buy" and an average price target of $68.13.

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.