Winnebago Industries, Inc. (NYSE:WGO) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 494,151 shares of the construction company’s stock after acquiring an additional 10,202 shares during the quarter. William Blair Investment Management LLC’s holdings in Winnebago Industries were worth $23,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in shares of Winnebago Industries during the 3rd quarter valued at approximately $7,750,000. Quantbot Technologies LP increased its position in Winnebago Industries by 94.5% in the third quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock worth $3,736,000 after buying an additional 31,242 shares during the period. Vestcor Inc increased its position in Winnebago Industries by 105.6% in the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after buying an additional 8,837 shares during the period. JPMorgan Chase & Co. increased its position in Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after buying an additional 173,274 shares during the period. Finally, Inspire Investing LLC acquired a new stake in Winnebago Industries in the fourth quarter worth $399,000.

Winnebago Industries Trading Down 3.2 %

NYSE:WGO opened at $34.63 on Wednesday. The business has a fifty day moving average of $43.47 and a 200-day moving average of $51.81. Winnebago Industries, Inc. has a 1 year low of $34.12 and a 1 year high of $74.10. The stock has a market cap of $983.25 million, a price-to-earnings ratio of -52.46 and a beta of 1.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. During the same period in the prior year, the business earned $1.06 EPS. The company’s quarterly revenue was down 18.0% compared to the same quarter last year. Equities analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WGO shares. Truist Financial increased their target price on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. DA Davidson dropped their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research note on Wednesday, January 8th. Finally, StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and a consensus target price of $65.00.

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.