Broad Peak Investment Advisers Pte Ltd Has $33.56 Million Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Broad Peak Investment Advisers Pte Ltd trimmed its position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 34.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 577,483 shares of the construction company's stock after selling 300,195 shares during the quarter. Winnebago Industries accounts for 10.3% of Broad Peak Investment Advisers Pte Ltd's portfolio, making the stock its 3rd largest position. Broad Peak Investment Advisers Pte Ltd owned approximately 2.00% of Winnebago Industries worth $33,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WGO. Pacer Advisors Inc. boosted its position in shares of Winnebago Industries by 47.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company's stock worth $77,602,000 after acquiring an additional 463,257 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of Winnebago Industries by 13.8% during the second quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company's stock worth $61,918,000 after acquiring an additional 138,327 shares in the last quarter. American Century Companies Inc. increased its stake in Winnebago Industries by 8.8% in the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company's stock valued at $46,697,000 after acquiring an additional 69,453 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Winnebago Industries by 0.4% during 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 purchasing an additional 1,681 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in shares of Winnebago Industries by 3.6% during the first quarter. Bridgeway Capital Management LLC now owns 238,414 shares of the construction company's stock valued at $17,643,000 after purchasing an additional 8,225 shares in the last quarter.

Winnebago Industries Stock Down 0.6 %

Shares of WGO traded down $0.34 during mid-day trading on Thursday, reaching $60.84. The company's stock had a trading volume of 550,607 shares, compared to its average volume of 587,741. 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, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42. The business has a fifty day moving average of $57.79 and a 200 day moving average of $58.15. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 206.34 and a beta of 1.60.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its 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 business had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. Winnebago Industries's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.59 EPS. As a group, analysts forecast that Winnebago Industries, Inc. will post 3.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial lowered 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. Robert W. Baird reduced their price objective on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Benchmark lowered their price target on Winnebago Industries from $75.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. BMO Capital Markets dropped their target price on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, StockNews.com downgraded 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 issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $68.13.

Insider Activity

In related news, Director William C. Fisher purchased 2,000 shares of the stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of $54.81 per share, with a total value of $109,620.00. Following the purchase, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. The trade was a 6.61 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other news, Director William C. Fisher bought 2,000 shares of the stock in a transaction on Monday, October 28th. The stock was purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the acquisition, the director now owns 32,267 shares in the company, valued at approximately $1,768,554.27. This trade represents a 6.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $690,271.68. Following the transaction, the senior vice president now owns 23,728 shares of the company's stock, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by corporate insiders.

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.