Y Intercept Hong Kong Ltd Acquires Shares of 10,602 Winnebago Industries, Inc. (NYSE:WGO)

Y Intercept Hong Kong Ltd purchased a new position in shares of Winnebago Industries, Inc. (NYSE:WGO - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,602 shares of the construction company's stock, valued at approximately $616,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WGO. Louisiana State Employees Retirement System boosted its position in shares of Winnebago Industries by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company's stock valued at $797,000 after purchasing an additional 200 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company's stock worth $41,000 after buying an additional 286 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Winnebago Industries by 5.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company's stock worth $333,000 after buying an additional 294 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company's stock worth $27,000 after buying an additional 316 shares during the period. Finally, Lakewood Asset Management LLC increased its stake in shares of Winnebago Industries by 7.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 5,378 shares of the construction company's stock valued at $313,000 after acquiring an additional 355 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have commented on WGO. Benchmark reduced their price target on shares of Winnebago Industries from $75.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, October 22nd. Truist Financial reduced their target price on Winnebago Industries from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. StockNews.com downgraded Winnebago Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. BMO Capital Markets reduced their price objective on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, Northcoast Research raised Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 target price on the stock in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $68.13.

Winnebago Industries Stock Down 2.2 %

Shares of WGO stock traded down $1.22 during trading hours on Friday, reaching $55.41. The company had a trading volume of 632,196 shares, compared to its average volume of 480,403. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 184.71 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 12 month low of $49.68 and a 12 month high of $75.42. The business has a fifty day simple moving average of $58.14 and a 200-day simple moving average of $57.55.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data 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). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. During the same quarter last year, the business posted $1.59 earnings per share. Winnebago Industries's revenue was down 6.5% on a year-over-year basis. On average, research analysts expect that Winnebago Industries, Inc. will post 3.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Winnebago Industries news, CEO Michael J. Happe bought 2,500 shares of the stock in a transaction dated Tuesday, October 29th. The shares were bought at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the purchase, the chief executive officer now directly owns 285,953 shares of the company's stock, valued at approximately $15,876,110.56. This trade represents a 0.88 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bret A. Woodson sold 12,187 shares of the business's 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 completion of the transaction, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. This trade represents 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 owned by corporate insiders.

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.