Oppenheimer & Co. Inc. boosted its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 68.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,960 shares of the construction company’s stock after purchasing an additional 4,062 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Winnebago Industries were worth $330,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Winnebago Industries by 4.9% in the second quarter. BlackRock Inc. now owns 4,129,390 shares of the construction company’s stock valued at $167,654,000 after purchasing an additional 191,048 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Winnebago Industries by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,844,122 shares of the construction company’s stock worth $74,872,000 after purchasing an additional 5,976 shares during the last quarter. LSV Asset Management raised its stake in shares of Winnebago Industries by 475.3% during the second quarter. LSV Asset Management now owns 1,622,600 shares of the construction company’s stock worth $65,877,000 after purchasing an additional 1,340,552 shares during the last quarter. Cooke & Bieler LP raised its stake in shares of Winnebago Industries by 11.4% during the second quarter. Cooke & Bieler LP now owns 897,993 shares of the construction company’s stock worth $36,459,000 after purchasing an additional 91,910 shares during the last quarter. Finally, J. L. Bainbridge & Co. Inc. purchased a new stake in shares of Winnebago Industries during the second quarter worth approximately $24,440,000. 86.43% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. ValuEngine cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Northcoast Research restated a “buy” rating on shares of Winnebago Industries in a research note on Friday, August 17th. Robert W. Baird cut their price target on Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, October 18th. Finally, Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Winnebago Industries presently has an average rating of “Hold” and an average price target of $51.60.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, October 17th. The construction company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. Winnebago Industries had a return on equity of 20.27% and a net margin of 5.08%. The firm had revenue of $536.20 million for the quarter, compared to analyst estimates of $498.30 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. Winnebago Industries’s quarterly revenue was up 17.9% on a year-over-year basis. Equities analysts predict that Winnebago Industries, Inc. will post 3.67 EPS for the current fiscal year.
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Winnebago Industries Company Profile
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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