Bank of New York Mellon Corp reduced its position in shares of Winnebago Industries, Inc. (NYSE:WGO) by 7.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 655,317 shares of the construction company’s stock after selling 52,609 shares during the quarter. Bank of New York Mellon Corp’s holdings in Winnebago Industries were worth $36,436,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. boosted its holdings in shares of Winnebago Industries by 550.7% during the 4th quarter. Hennessy Advisors Inc. now owns 747,600 shares of the construction company’s stock valued at $41,567,000 after acquiring an additional 632,700 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Winnebago Industries by 794.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 525,726 shares of the construction company’s stock valued at $23,395,000 after acquiring an additional 466,975 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Winnebago Industries by 388.9% during the 4th quarter. Penserra Capital Management LLC now owns 179,565 shares of the construction company’s stock valued at $9,983,000 after acquiring an additional 142,833 shares during the last quarter. EAM Investors LLC purchased a new stake in shares of Winnebago Industries during the 3rd quarter valued at about $6,156,000. Finally, SG Capital Management LLC purchased a new stake in shares of Winnebago Industries during the 3rd quarter valued at about $4,882,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
A number of analysts have recently issued reports on the stock. Northcoast Research reaffirmed a “hold” rating on shares of Winnebago Industries in a report on Tuesday, February 27th. SunTrust Banks reissued a “hold” rating and issued a $52.00 price objective on shares of Winnebago Industries in a report on Thursday, December 21st. BMO Capital Markets raised shares of Winnebago Industries from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, February 27th. Stifel Nicolaus set a $50.00 price objective on shares of Winnebago Industries and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $60.00 price objective (up previously from $52.00) on shares of Winnebago Industries in a report on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.17.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Winnebago Industries had a net margin of 4.43% and a return on equity of 21.47%. The company had revenue of $450.00 million for the quarter, compared to the consensus estimate of $387.12 million. During the same quarter last year, the firm posted $0.42 earnings per share. The firm’s revenue was up 83.4% compared to the same quarter last year. analysts expect that Winnebago Industries, Inc. will post 3.12 EPS for the current year.
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Winnebago Industries Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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