Aviance Capital Partners LLC Raises Stake in Winnebago Industries, Inc. (NYSE:WGO)

Aviance Capital Partners LLC boosted its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 20.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,138 shares of the construction company’s stock after buying an additional 3,751 shares during the quarter. Aviance Capital Partners LLC owned 0.08% of Winnebago Industries worth $1,286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WGO. 1832 Asset Management L.P. raised its holdings in shares of Winnebago Industries by 484.1% during the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after purchasing an additional 832,187 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after buying an additional 463,257 shares during the last quarter. Millennium Management LLC grew its holdings in Winnebago Industries by 1,772.8% during the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after acquiring an additional 199,264 shares during the period. Edgestream Partners L.P. purchased a new position in Winnebago Industries during the second quarter valued at approximately $9,708,000. Finally, Marshall Wace LLP acquired a new position in Winnebago Industries in the second quarter valued at approximately $7,976,000.

Analysts Set New Price Targets

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

Winnebago Industries Stock Down 3.7 %

NYSE WGO opened at $58.71 on Tuesday. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42. 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 business has a fifty day moving average price of $58.00 and a 200 day moving average price of $58.08. The company has a market cap of $1.70 billion, a P/E ratio of 195.71 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last posted 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 business had revenue of $720.90 million during 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 prior year, the business posted $1.59 earnings per share. Research analysts anticipate that Winnebago Industries, Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity

In related news, Director William C. Fisher bought 2,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was acquired 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 of the company’s stock, valued at $1,768,554.27. The trade was a 6.61 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael J. Happe purchased 2,500 shares of the stock in a transaction dated Tuesday, October 29th. The shares were purchased at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the transaction, the chief executive officer now owns 285,953 shares in the company, valued at approximately $15,876,110.56. The trade was a 0.88 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company’s stock.

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.