Savvy Advisors Inc. Invests $211,000 in Winnebago Industries, Inc. (NYSE:WGO)

Savvy Advisors Inc. bought a new stake in Winnebago Industries, Inc. (NYSE:WGO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,624 shares of the construction company’s stock, valued at approximately $211,000.

A number of other institutional investors have also made changes to their positions in WGO. Pacer Advisors Inc. grew its holdings in Winnebago Industries by 47.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after acquiring an additional 463,257 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Winnebago Industries by 13.8% during the second quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock valued at $61,918,000 after purchasing an additional 138,327 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Winnebago Industries by 8.8% in the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock valued at $46,697,000 after purchasing an additional 69,453 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Winnebago Industries by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 376,829 shares of the construction company’s stock valued at $20,424,000 after purchasing an additional 1,681 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in Winnebago Industries by 3.6% in the 1st quarter. Bridgeway Capital Management LLC now owns 238,414 shares of the construction company’s stock worth $17,643,000 after purchasing an additional 8,225 shares during the last quarter.

Wall Street Analyst Weigh In

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

Winnebago Industries Price Performance

Winnebago Industries stock opened at $61.20 on Thursday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 204.01 and a beta of 1.60. The business has a 50-day moving average of $57.79 and a 200-day moving average of $58.15. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data 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 firm had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 EPS. On average, equities analysts anticipate that Winnebago Industries, Inc. will post 3.62 EPS for the current year.

Insider Activity

In other Winnebago Industries news, Director William C. Fisher acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired 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 of the company’s stock, valued at $1,768,554.27. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Winnebago Industries news, Director William C. Fisher bought 2,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost 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. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the sale, the senior vice president now owns 23,728 shares in the company, valued at $1,343,953.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.63% of the stock is owned by company insiders.

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.