American International Group Inc. Sells 907 Shares of Winnebago Industries, Inc. (NYSE:WGO)

American International Group Inc. reduced its stake in Winnebago Industries, Inc. (NYSE:WGO) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,619 shares of the construction company’s stock after selling 907 shares during the period. American International Group Inc. owned 0.10% of Winnebago Industries worth $1,685,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Winnebago Industries by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,179,875 shares of the construction company’s stock worth $145,223,000 after purchasing an additional 58,873 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Winnebago Industries in the 2nd quarter valued at about $70,315,000. State Street Corp raised its stake in shares of Winnebago Industries by 6.7% in the 1st quarter. State Street Corp now owns 987,900 shares of the construction company’s stock valued at $27,473,000 after purchasing an additional 61,605 shares during the period. Marshall Wace LLP acquired a new stake in shares of Winnebago Industries in the 2nd quarter valued at about $43,139,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Winnebago Industries by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 454,694 shares of the construction company’s stock valued at $30,291,000 after purchasing an additional 13,285 shares during the period. Institutional investors and hedge funds own 87.83% of the company’s stock.

In other news, SVP Christopher David West sold 1,114 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $48.21, for a total transaction of $53,705.94. Following the completion of the sale, the senior vice president now owns 17,678 shares in the company, valued at $852,256.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Several research firms have issued reports on WGO. Citigroup lifted their price target on Winnebago Industries from $61.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 15th. Truist Financial lowered their target price on Winnebago Industries from $72.00 to $68.00 in a research report on Monday, September 14th. Zacks Investment Research downgraded Winnebago Industries from a “strong-buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a research report on Thursday, August 6th. Sidoti raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Friday, September 25th. Finally, ValuEngine downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Monday, November 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $68.30.

Shares of NYSE:WGO opened at $50.24 on Friday. Winnebago Industries, Inc. has a 12-month low of $16.94 and a 12-month high of $72.65. The stock has a market cap of $1.70 billion, a PE ratio of 31.60 and a beta of 2.13. The business has a 50 day moving average of $51.44 and a 200-day moving average of $56.52. The company has a quick ratio of 1.48, a current ratio of 2.31 and a debt-to-equity ratio of 0.58.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, October 21st. The construction company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.52. Winnebago Industries had a return on equity of 9.21% and a net margin of 2.37%. The company had revenue of $737.80 million during the quarter, compared to analysts’ expectations of $722.89 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business’s revenue was up 39.1% on a year-over-year basis. Equities research analysts expect that Winnebago Industries, Inc. will post 2.03 earnings per share for the current year.

Winnebago Industries 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 six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.

See Also: Cost of Goods Sold (COGS)

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Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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