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

Convergence Investment Partners LLC purchased a new stake in Winnebago Industries, Inc. (NYSE:WGO) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 9,940 shares of the construction company’s stock, valued at approximately $662,000.

A number of other large investors have also bought and sold shares of WGO. First Trust Advisors LP boosted its holdings in Winnebago Industries by 35.5% during the first quarter. First Trust Advisors LP now owns 88,382 shares of the construction company’s stock worth $2,753,000 after buying an additional 23,157 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Winnebago Industries in the fourth quarter worth $219,000. UBS Group AG increased its position in shares of Winnebago Industries by 161.0% in the fourth quarter. UBS Group AG now owns 56,602 shares of the construction company’s stock worth $2,999,000 after purchasing an additional 34,918 shares during the period. AQR Capital Management LLC increased its position in shares of Winnebago Industries by 115.9% in the fourth quarter. AQR Capital Management LLC now owns 46,014 shares of the construction company’s stock worth $2,438,000 after purchasing an additional 24,698 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Winnebago Industries by 6.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,338 shares of the construction company’s stock valued at $177,000 after buying an additional 194 shares in the last quarter. 87.30% of the stock is currently owned by institutional investors.

Several research firms recently weighed in on WGO. Sidoti raised their price objective on Winnebago Industries from $57.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, June 19th. BMO Capital Markets raised their price objective on Winnebago Industries from $40.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Zacks Investment Research raised Winnebago Industries from a “sell” rating to a “hold” rating and set a $62.00 price objective on the stock in a research note on Saturday, May 30th. TheStreet lowered Winnebago Industries from a “b” rating to a “c+” rating in a research note on Wednesday, June 24th. Finally, SunTrust Banks raised their price objective on Winnebago Industries from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Winnebago Industries currently has a consensus rating of “Hold” and an average target price of $66.86.

Shares of WGO stock traded down $1.33 during mid-day trading on Friday, reaching $60.41. 698,800 shares of the stock traded hands, compared to its average volume of 584,219. The stock’s fifty day simple moving average is $64.46 and its two-hundred day simple moving average is $51.68. Winnebago Industries, Inc. has a 1-year low of $16.94 and a 1-year high of $72.65. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 37.99 and a beta of 2.36. The company has a quick ratio of 1.48, a current ratio of 2.31 and a debt-to-equity ratio of 0.61.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, June 24th. The construction company reported ($0.26) EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $335.93 million. During the same period last year, the firm posted $1.04 earnings per share. The business’s revenue for the quarter was down 23.9% on a year-over-year basis. On average, equities research analysts anticipate that Winnebago Industries, Inc. will post 2.05 EPS for the current fiscal year.

In related news, VP Ashis Nayan Bhattacharya sold 3,927 shares of Winnebago Industries stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $63.52, for a total value of $249,443.04. Following the transaction, the vice president now directly owns 18,446 shares of the company’s stock, valued at $1,171,689.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by 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 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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