Winnebago Industries, Inc. (NYSE:WGO) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,425 shares of the construction company’s stock after selling 272 shares during the period. The Manufacturers Life Insurance Company’s holdings in Winnebago Industries were worth $896,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares in the last quarter. Sound Income Strategies LLC lifted its position in Winnebago Industries by 69.1% during the third 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. Innealta Capital LLC purchased a new position in Winnebago Industries during the second quarter worth approximately $45,000. nVerses Capital LLC acquired a new position in Winnebago Industries during the second quarter worth $76,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Winnebago Industries by 196.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after buying an additional 989 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on WGO shares. Robert W. Baird cut their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Benchmark lowered their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. BMO Capital Markets dropped their price objective 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. Finally, Truist Financial lowered their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a 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 issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.13.

Winnebago Industries Price Performance

Winnebago Industries stock opened at $56.61 on Friday. The firm has a fifty day moving average of $58.19 and a 200-day moving average of $57.60. The firm has a market capitalization of $1.64 billion, a P/E ratio of 188.70 and a beta of 1.60. Winnebago Industries, Inc. has a 52-week low of $49.68 and a 52-week 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 announced 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). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $720.90 million for the quarter, compared to analysts’ expectations of $718.72 million. During the same period in the previous year, the firm posted $1.59 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. As a group, analysts predict that Winnebago Industries, Inc. will post 3.52 EPS for the current year.

Insider Activity

In related news, Director William C. Fisher acquired 2,000 shares of Winnebago Industries stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the transaction, the director now directly owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 6.61 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael J. Happe bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was bought at an average price of $55.52 per share, with a total value of $138,800.00. Following the transaction, the chief executive officer now directly owns 285,953 shares in the company, valued at $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. 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.