FORA Capital LLC Takes $217,000 Position in Winnebago Industries, Inc. (NYSE:WGO)

FORA Capital LLC purchased a new stake in shares of Winnebago Industries, Inc. (NYSE:WGO) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,732 shares of the construction company’s stock, valued at approximately $217,000.

A number of other large investors have also recently modified their holdings of WGO. GAMMA Investing LLC boosted its position in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after acquiring an additional 316 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after acquiring an additional 286 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Winnebago Industries during the 2nd quarter valued at about $45,000. nVerses Capital LLC purchased a new position in shares of Winnebago Industries during the 2nd quarter valued at about $76,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of 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 buying an additional 989 shares in the last quarter.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock opened at $58.63 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The business’s 50 day simple moving average is $58.29 and its two-hundred day simple moving average is $57.91. The stock has a market capitalization of $1.70 billion, a P/E ratio of 195.44 and a beta of 1.60. Winnebago Industries, Inc. has a one year low of $49.68 and a one year high of $75.42.

Winnebago Industries (NYSE:WGO) last posted its 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). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The business had revenue of $720.90 million for the quarter, compared to analysts’ expectations of $718.72 million. During the same period last year, the firm posted $1.59 earnings per share. Winnebago Industries’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts forecast that Winnebago Industries, Inc. will post 3.52 EPS for the current year.

Insiders Place Their Bets

In related news, Director William C. Fisher acquired 2,000 shares of the stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Happe bought 2,500 shares of Winnebago Industries stock in a transaction on Tuesday, October 29th. The shares were purchased at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the acquisition, the chief executive officer now directly 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. Company insiders own 4.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Truist Financial decreased their price objective on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a 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 on the stock in a report on Monday, November 11th. BMO Capital Markets decreased their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird decreased their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One research 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. Based on data from MarketBeat, Winnebago Industries 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.