Dynamic Technology Lab Private Ltd Sells 7,972 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Dynamic Technology Lab Private Ltd lessened its stake in Winnebago Industries, Inc. (NYSE:WGO) by 21.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,442 shares of the construction company’s stock after selling 7,972 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Winnebago Industries were worth $1,653,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WGO. Pacer Advisors Inc. increased its stake in shares of Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after buying an additional 463,257 shares during the period. 1832 Asset Management L.P. boosted its holdings in Winnebago Industries by 13.8% in 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 acquiring an additional 138,327 shares during the last quarter. American Century Companies Inc. boosted its holdings in 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 acquiring an additional 69,453 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Winnebago Industries by 10.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock worth $33,408,000 after purchasing an additional 54,272 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in 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 worth $20,424,000 after purchasing an additional 1,681 shares during the last quarter.

Insider Buying and Selling

In related news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the sale, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Happe bought 2,500 shares of Winnebago Industries stock in a transaction that occurred on Tuesday, October 29th. The stock was bought at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the purchase, the chief executive officer now owns 285,953 shares in the company, valued at approximately $15,876,110.56. This trade represents a 0.88 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WGO shares. Robert W. Baird reduced their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. BMO Capital Markets reduced 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. Benchmark lowered their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, November 11th. Finally, Truist Financial decreased their price objective on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.13.

Winnebago Industries Price Performance

WGO opened at $61.10 on Tuesday. The stock has a market cap of $1.77 billion, a P/E ratio of 203.67 and a beta of 1.60. Winnebago Industries, Inc. has a 12 month low of $49.68 and a 12 month 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. The company has a fifty day simple moving average of $58.30 and a 200 day simple moving average of $57.94.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) 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 the consensus estimate of $718.72 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 earnings per share. On average, research analysts expect that Winnebago Industries, Inc. will post 3.54 EPS for the current year.

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.