Convergence Investment Partners LLC Buys Shares of 9,940 Winnebago Industries, Inc. (NYSE:WGO)

Convergence Investment Partners LLC bought a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,940 shares of the construction company’s stock, valued at approximately $662,000.

Several other large investors have also made changes to their positions in the business. USA Financial Portformulas Corp acquired a new stake in Winnebago Industries in the 1st quarter valued at approximately $27,000. Mutual of America Capital Management LLC boosted its position in Winnebago Industries by 22.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 1,477 shares of the construction company’s stock worth $41,000 after acquiring an additional 266 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Winnebago Industries by 25.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,116 shares of the construction company’s stock worth $59,000 after acquiring an additional 430 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Winnebago Industries by 67.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,136 shares of the construction company’s stock valued at $87,000 after buying an additional 1,258 shares during the last quarter. Finally, Kessler Investment Group LLC acquired a new stake in shares of Winnebago Industries in the 1st quarter valued at approximately $98,000. Institutional investors and hedge funds own 87.30% of the company’s stock.

In other news, VP Ashis Nayan Bhattacharya sold 1,156 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $61.35, for a total value of $70,920.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is currently owned by corporate insiders.

Shares of NYSE WGO traded down $1.33 during midday trading on Friday, hitting $60.41. 698,800 shares of the stock traded hands, compared to its average volume of 584,219. The company has a market cap of $2.04 billion, a PE ratio of 37.99 and a beta of 2.36. Winnebago Industries, Inc. has a one year low of $16.94 and a one year high of $72.65. The business has a 50 day moving average price of $64.46 and a two-hundred day moving average price of $51.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.48 and a current ratio of 2.31.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, June 24th. The construction company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.15. Winnebago Industries had a return on equity of 9.21% and a net margin of 2.37%. The firm had revenue of $402.50 million during the quarter, compared to the consensus estimate of $335.93 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s quarterly revenue was down 23.9% on a year-over-year basis. As a group, equities research analysts forecast that Winnebago Industries, Inc. will post 2.05 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Wolfe Research assumed coverage on Winnebago Industries in a research note on Friday, April 17th. They issued a “market perform” rating on the stock. Citigroup assumed coverage on Winnebago Industries in a research note on Monday, July 6th. They issued a “neutral” rating and a $74.00 price target on the stock. Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating and set a $62.00 price target on the stock in a research note on Saturday, May 30th. SunTrust Banks increased their price objective on Winnebago Industries from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, KeyCorp increased their price objective on Winnebago Industries from $45.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $66.86.

Winnebago Industries 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 in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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