UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 4.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 71,328 shares of the construction company’s stock after selling 3,444 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Winnebago Industries worth $4,145,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after acquiring an additional 316 shares during the period. Sound Income Strategies LLC raised its stake in shares of Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Winnebago Industries during the second quarter worth about $45,000. nVerses Capital LLC purchased a new stake in Winnebago Industries in the second quarter valued at approximately $76,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in Winnebago Industries by 196.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock worth $86,000 after buying an additional 989 shares during the period.

Winnebago Industries Price Performance

NYSE:WGO opened at $56.61 on Friday. The stock has a market capitalization of $1.64 billion, a PE ratio of 188.70 and a beta of 1.60. Winnebago Industries, Inc. has a 52 week low of $49.68 and a 52 week 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 stock’s 50-day moving average price is $58.19 and its 200-day moving average price is $57.60.

Winnebago Industries (NYSE:WGO) last issued 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). The business had revenue of $720.90 million during 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 earnings per share. As a group, equities analysts expect that Winnebago Industries, Inc. will post 3.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction on Friday, November 1st. The shares were 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 of the company’s stock, valued at $1,343,953.92. The trade was a 33.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William C. Fisher bought 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $54.81 per share, with a total value 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. This represents a 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.