Quarry LP Buys 848 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Quarry LP increased its stake in Winnebago Industries, Inc. (NYSE:WGO) by 4,038.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 869 shares of the construction company’s stock after purchasing an additional 848 shares during the period. Quarry LP’s holdings in Winnebago Industries were worth $50,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Winnebago Industries by 222.5% during the third 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 last quarter. Sound Income Strategies LLC raised its holdings in Winnebago Industries by 69.1% during the 3rd 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 bought a new stake in Winnebago Industries during the 2nd quarter worth about $45,000. nVerses Capital LLC acquired a new position in Winnebago Industries during the 2nd quarter valued at about $76,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Winnebago Industries by 196.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after purchasing an additional 989 shares during the last quarter.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $57.78 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. Winnebago Industries, Inc. has a 52 week low of $49.68 and a 52 week high of $75.42. The company’s 50 day moving average price is $58.21 and its two-hundred day moving average price is $57.61. The company has a market capitalization of $1.67 billion, a P/E ratio of 192.61 and a beta of 1.60.

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 analysts’ consensus estimates of $0.89 by ($0.61). The company had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share. On average, analysts expect that Winnebago Industries, Inc. will post 3.52 earnings per share for the current fiscal year.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the sale, the senior vice president now owns 23,728 shares in the company, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William C. Fisher purchased 2,000 shares of the firm’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 completion of the purchase, the director now directly owns 32,267 shares in the company, 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 owned by insiders.

Analysts Set New Price Targets

WGO has been the topic of several analyst reports. Robert W. Baird cut their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Truist Financial cut their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Benchmark cut their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries currently has a consensus rating of “Moderate Buy” and a consensus 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.