State Street Corp Has $65.71 Million Position in Winnebago Industries, Inc. (NYSE:WGO)

State Street Corp lifted its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,130,796 shares of the construction company’s stock after purchasing an additional 6,979 shares during the quarter. State Street Corp owned about 3.91% of Winnebago Industries worth $65,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WGO. GAMMA Investing LLC boosted 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 purchasing an additional 316 shares in the last quarter. Sound Income Strategies LLC boosted its position 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 purchasing an additional 286 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Winnebago Industries during the 2nd quarter worth about $45,000. Quarry LP boosted its position in shares of Winnebago Industries by 4,038.1% during the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after purchasing an additional 848 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Winnebago Industries during the 2nd quarter worth about $76,000.

Winnebago Industries Trading Up 0.1 %

NYSE:WGO opened at $54.74 on Wednesday. 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 firm has a market cap of $1.58 billion, a price-to-earnings ratio of 182.47 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 firm has a 50-day moving average price of $58.05 and a two-hundred day moving average price of $57.46.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.61). The firm 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 company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. On average, equities analysts expect that Winnebago Industries, Inc. will post 3.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Winnebago Industries

In other news, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction 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 trade represents a 33.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William C. Fisher purchased 2,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were bought at an average price of $54.81 per share, with a total value of $109,620.00. Following the purchase, the director now owns 32,267 shares in the company, valued at $1,768,554.27. The trade was a 6.61 % 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.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WGO. Benchmark cut their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. BMO Capital Markets dropped their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird dropped their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, November 11th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.13.

Winnebago Industries 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.