LSV Asset Management Sells 41,900 Shares of Winnebago Industries, Inc. (WGO)

LSV Asset Management trimmed its position in Winnebago Industries, Inc. (NYSE:WGO) by 2.6% during the first quarter, HoldingsChannel reports. The firm owned 1,600,200 shares of the construction company’s stock after selling 41,900 shares during the period. LSV Asset Management owned 0.05% of Winnebago Industries worth $49,846,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WGO. Mason Street Advisors LLC boosted its stake in shares of Winnebago Industries by 3.9% during the 1st quarter. Mason Street Advisors LLC now owns 9,360 shares of the construction company’s stock valued at $292,000 after buying an additional 349 shares during the last quarter. Waratah Capital Advisors Ltd. purchased a new position in shares of Winnebago Industries during the 1st quarter valued at approximately $22,273,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Winnebago Industries by 29.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,419 shares of the construction company’s stock valued at $449,000 after buying an additional 3,306 shares during the last quarter. Check Capital Management Inc. CA purchased a new position in shares of Winnebago Industries during the 1st quarter valued at approximately $227,000. Finally, Brasada Capital Management LP purchased a new position in shares of Winnebago Industries during the 1st quarter valued at approximately $171,000. Institutional investors own 98.68% of the company’s stock.

In other news, CEO Michael J. Happe acquired 3,500 shares of Winnebago Industries stock in a transaction that occurred on Wednesday, March 27th. The shares were purchased at an average cost of $29.19 per share, for a total transaction of $102,165.00. Following the completion of the purchase, the chief executive officer now directly owns 56,671 shares of the company’s stock, valued at approximately $1,654,226.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bryan L. Hughes acquired 2,500 shares of Winnebago Industries stock in a transaction that occurred on Wednesday, March 27th. The shares were purchased at an average price of $29.58 per share, for a total transaction of $73,950.00. Following the completion of the purchase, the chief financial officer now directly owns 19,288 shares of the company’s stock, valued at $570,539.04. The disclosure for this purchase can be found here. Company insiders own 3.57% of the company’s stock.

Shares of WGO opened at $33.50 on Wednesday. Winnebago Industries, Inc. has a 12-month low of $19.77 and a 12-month high of $47.76. The firm has a market cap of $1.06 billion, a P/E ratio of 10.63, a PEG ratio of 0.43 and a beta of 1.52. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Monday, March 25th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. Winnebago Industries had a return on equity of 19.11% and a net margin of 5.24%. The firm had revenue of $432.70 million for the quarter, compared to analysts’ expectations of $443.05 million. During the same period last year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, analysts predict that Winnebago Industries, Inc. will post 3.5 EPS for the current fiscal year.

Several equities analysts have recently commented on WGO shares. BMO Capital Markets reduced their target price on Winnebago Industries to $42.00 and set an “outperform” rating for the company in a research note on Monday, February 4th. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Saturday, February 9th. TheStreet upgraded Winnebago Industries from a “c+” rating to a “b-” rating in a research note on Monday, February 11th. ValuEngine upgraded Winnebago Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 23rd. Finally, Jefferies Financial Group initiated coverage on Winnebago Industries in a research note on Thursday, March 28th. They set a “hold” rating and a $31.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.83.

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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 in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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