Y Intercept Hong Kong Ltd Makes New Investment in Winnebago Industries, Inc. (NYSE:WGO)

Y Intercept Hong Kong Ltd acquired a new position in Winnebago Industries, Inc. (NYSE:WGO) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 10,602 shares of the construction company’s stock, valued at approximately $616,000.

A number of other institutional investors have also recently made changes to their positions in WGO. Assenagon Asset Management S.A. lifted its position in shares of Winnebago Industries by 13.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 34,495 shares of the construction company’s stock valued at $1,870,000 after buying an additional 4,103 shares during the last quarter. Louisiana State Employees Retirement System lifted 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 buying an additional 200 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Winnebago Industries by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 376,829 shares of the construction company’s stock valued at $20,424,000 after buying an additional 1,681 shares during the last quarter. Legato Capital Management LLC purchased a new position in shares of Winnebago Industries during the 2nd quarter valued at $490,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Winnebago Industries by 12.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,554 shares of the construction company’s stock valued at $355,000 after buying an additional 711 shares during the last quarter.

Winnebago Industries Stock Performance

NYSE:WGO opened at $55.41 on Friday. The business’s 50-day moving average price is $58.14 and its two-hundred day moving average price is $57.56. Winnebago Industries, Inc. has a twelve month low of $49.68 and a twelve month high of $75.42. The stock has a market cap of $1.60 billion, a P/E ratio of 184.71 and a beta of 1.60. 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 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 net margin of 0.44% and a return on equity of 7.97%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 EPS. As a group, equities analysts predict that Winnebago Industries, Inc. will post 3.52 EPS for the current fiscal year.

Insider Activity at Winnebago Industries

In related news, SVP Bret A. Woodson sold 12,187 shares of the firm’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 transaction, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. This trade represents a 33.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael J. Happe acquired 2,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This represents a 0.88 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on WGO shares. Robert W. Baird dropped their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, November 11th. 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. Truist Financial dropped their price objective on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. One 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. According to MarketBeat, Winnebago Industries currently has an average rating of “Moderate Buy” and a consensus target price of $68.13.

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.