Meridian Investment Counsel Inc. Has $4.36 Million Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Meridian Investment Counsel Inc. trimmed its position in Winnebago Industries, Inc. (NYSE:WGO) by 1.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 74,970 shares of the construction company’s stock after selling 1,150 shares during the quarter. Winnebago Industries comprises approximately 1.3% of Meridian Investment Counsel Inc.’s portfolio, making the stock its 16th largest holding. Meridian Investment Counsel Inc.’s holdings in Winnebago Industries were worth $4,357,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WGO. Empowered Funds LLC grew its stake in Winnebago Industries by 5.3% in the third quarter. Empowered Funds LLC now owns 124,191 shares of the construction company’s stock valued at $7,217,000 after acquiring an additional 6,298 shares during the period. MQS Management LLC bought a new position in shares of Winnebago Industries in the 3rd quarter worth $1,025,000. Savvy Advisors Inc. acquired a new stake in Winnebago Industries in the 3rd quarter valued at $211,000. Entropy Technologies LP grew its position in Winnebago Industries by 89.2% in the 3rd quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock valued at $1,084,000 after purchasing an additional 8,796 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in Winnebago Industries by 196.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after purchasing an additional 989 shares in the last quarter.

Winnebago Industries Trading Up 0.2 %

NYSE WGO opened at $60.95 on Friday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 203.17 and a beta of 1.60. The business’s fifty day moving average is $57.95 and its 200-day moving average is $58.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42.

Winnebago Industries (NYSE:WGO) last announced 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). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. During the same period in the prior year, the firm posted $1.59 EPS. The business’s revenue was down 6.5% on a year-over-year basis. Equities research analysts predict that Winnebago Industries, Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, CEO Michael J. Happe bought 2,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was purchased at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the transaction, the chief executive officer now directly owns 285,953 shares of the company’s stock, valued at $15,876,110.56. This trade represents a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William C. Fisher acquired 2,000 shares of Winnebago Industries stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average price of $54.81 per share, with a total value of $109,620.00. Following the completion of the purchase, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. This represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WGO has been the topic of a number of recent research reports. BMO Capital Markets dropped 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. Truist Financial dropped their price target on shares of 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 report on Tuesday, October 29th. Robert W. Baird lowered their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.