Winnebago Industries, Inc. (NYSE:WGO) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP lifted its stake in Winnebago Industries, Inc. (NYSE:WGO - Free Report) by 89.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,659 shares of the construction company's stock after purchasing an additional 8,796 shares during the period. Entropy Technologies LP owned about 0.06% of Winnebago Industries worth $1,084,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WGO. Allspring Global Investments Holdings LLC purchased a new stake in Winnebago Industries during the first quarter valued at approximately $249,000. Avantax Advisory Services Inc. purchased a new position in shares of Winnebago Industries during the 1st quarter valued at approximately $242,000. ProShare Advisors LLC lifted its stake in shares of Winnebago Industries by 5.0% in the 1st quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company's stock valued at $425,000 after purchasing an additional 274 shares during the period. Seven Eight Capital LP purchased a new stake in Winnebago Industries during the first quarter worth $3,153,000. Finally, CANADA LIFE ASSURANCE Co grew its position in Winnebago Industries by 4.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 25,612 shares of the construction company's stock valued at $1,894,000 after buying an additional 1,075 shares during the period.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,343,953.92. This represents a 33.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael J. Happe purchased 2,500 shares of the firm's stock in a transaction on Tuesday, October 29th. The shares were acquired at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 285,953 shares in the company, valued at $15,876,110.56. The trade was 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered 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. Robert W. Baird lowered their price target 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. Truist Financial cut their price objective on Winnebago Industries from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Benchmark decreased their target price on Winnebago Industries from $75.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered 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 issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.13.

Winnebago Industries Price Performance

WGO traded down $0.34 on Thursday, reaching $60.85. 567,879 shares of the company's stock were exchanged, compared to its average volume of 588,027. The stock's fifty day moving average price is $57.85 and its 200-day moving average price is $58.17. The stock has a market cap of $1.76 billion, a PE ratio of 202.82 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. Winnebago Industries, Inc. has a twelve month low of $49.68 and a twelve month high of $75.42.

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 analysts' consensus estimates of $0.89 by ($0.61). The business 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 revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. Sell-side analysts expect that Winnebago Industries, Inc. will post 3.62 EPS for the current year.

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.