Meridian Investment Counsel Inc. Sells 1,150 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Meridian Investment Counsel Inc. cut its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,970 shares of the construction company’s stock after selling 1,150 shares during the quarter. Winnebago Industries makes up 1.3% of Meridian Investment Counsel Inc.’s holdings, making the stock its 16th biggest holding. Meridian Investment Counsel Inc. owned approximately 0.26% of Winnebago Industries worth $4,357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of Winnebago Industries by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 124,191 shares of the construction company’s stock valued at $7,217,000 after purchasing an additional 6,298 shares in the last quarter. MQS Management LLC bought a new position in Winnebago Industries in the 3rd quarter valued at approximately $1,025,000. Savvy Advisors Inc. bought a new position in Winnebago Industries in the 3rd quarter valued at approximately $211,000. Entropy Technologies LP boosted its position in Winnebago Industries by 89.2% in the third quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock valued at $1,084,000 after buying an additional 8,796 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Winnebago Industries by 196.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock worth $86,000 after buying an additional 989 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets dropped their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, November 11th. Benchmark lowered their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Truist Financial cut their target price on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.13.

Insider Activity at Winnebago Industries

In related news, SVP Bret A. Woodson sold 12,187 shares of the firm’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 transaction of $690,271.68. Following the completion of the sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This trade represents a 33.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William C. Fisher purchased 2,000 shares of the company’s 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 purchase, the director now owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. This trade represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by company insiders.

Winnebago Industries Price Performance

Shares of WGO opened at $60.95 on Friday. The business has a 50-day moving average of $57.95 and a 200-day moving average of $58.15. 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 company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 203.17 and a beta of 1.60. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42.

Winnebago Industries (NYSE:WGO) last released its quarterly 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 return on equity of 7.97% and a net margin of 0.44%. The firm had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. During the same quarter in the previous year, the business posted $1.59 EPS. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Winnebago Industries, Inc. will post 3.61 earnings per share for the current year.

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.