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

Dynamic Technology Lab Private Ltd trimmed its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 21.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 owned approximately 0.10% of Winnebago Industries worth $1,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pacer Advisors Inc. lifted its position in shares of 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 purchasing an additional 463,257 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Winnebago Industries by 1,772.8% during the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after buying an additional 199,264 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Winnebago Industries in the second quarter valued at approximately $9,708,000. Marshall Wace LLP acquired a new stake in shares of Winnebago Industries in the second quarter worth $7,976,000. Finally, 1832 Asset Management L.P. increased its position in 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 worth $61,918,000 after acquiring an additional 138,327 shares during the period.

Analysts Set New Price Targets

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

Winnebago Industries Trading Up 3.7 %

WGO stock opened at $61.10 on Tuesday. Winnebago Industries, Inc. has a 1-year low of $49.68 and a 1-year high of $75.42. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $58.30 and its 200-day moving average is $57.94. The firm has a market cap of $1.77 billion, a P/E ratio of 203.67 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). The company had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.59 earnings per share. Equities analysts anticipate that Winnebago Industries, Inc. will post 3.54 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.