Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 16.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,197,028 shares of the construction company’s stock after selling 234,736 shares during the period. Pacer Advisors Inc. owned approximately 4.14% of Winnebago Industries worth $69,559,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WGO. ProShare Advisors LLC boosted its position in shares of Winnebago Industries by 5.0% during the first quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company’s stock worth $425,000 after buying an additional 274 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings 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 worth $1,894,000 after purchasing an additional 1,075 shares in the last quarter. Shell Asset Management Co. raised its holdings in Winnebago Industries by 122.5% during the first quarter. Shell Asset Management Co. now owns 3,210 shares of the construction company’s stock worth $238,000 after purchasing an additional 1,767 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Winnebago Industries during the first quarter worth approximately $75,000. Finally, 1832 Asset Management L.P. raised its holdings in 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 in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on WGO shares. 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 report on Monday, November 11th. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Benchmark dropped their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. 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, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.13.

Winnebago Industries Price Performance

WGO opened at $58.50 on Friday. The stock has a fifty day moving average of $58.17 and a 200-day moving average of $58.04. The firm has a market capitalization of $1.69 billion, a P/E ratio of 195.01 and a beta of 1.60. Winnebago Industries, Inc. has a 12-month low of $49.68 and a 12-month high of $75.42. 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 (NYSE:WGO) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 0.44% and a return on equity of 7.97%. Winnebago Industries’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 EPS. Equities analysts forecast that Winnebago Industries, Inc. will post 3.54 EPS for the current fiscal year.

Insider Activity

In other news, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the sale, the senior vice president now owns 23,728 shares in the company, valued at $1,343,953.92. This represents a 33.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William C. Fisher purchased 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of 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 position. The disclosure for this purchase can be found here. Corporate 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.