Creative Planning Acquires New Position in Winnebago Industries, Inc. (NYSE:WGO)

Creative Planning bought a new position in Winnebago Industries, Inc. (NYSE:WGO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,853 shares of the construction company’s stock, valued at approximately $1,496,000. Creative Planning owned approximately 0.12% of Winnebago Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Winnebago Industries by 54.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,137,827 shares of the construction company’s stock worth $42,782,000 after acquiring an additional 401,814 shares during the last quarter. Cooke & Bieler LP grew its holdings in shares of Winnebago Industries by 57.6% during the 1st quarter. Cooke & Bieler LP now owns 806,083 shares of the construction company’s stock worth $30,309,000 after purchasing an additional 294,495 shares during the period. Gendell Jeffrey L grew its holdings in shares of Winnebago Industries by 858.2% during the 1st quarter. Gendell Jeffrey L now owns 268,712 shares of the construction company’s stock worth $10,104,000 after purchasing an additional 240,669 shares during the period. Prudential Financial Inc. grew its holdings in shares of Winnebago Industries by 338.1% during the 1st quarter. Prudential Financial Inc. now owns 261,748 shares of the construction company’s stock worth $9,841,000 after purchasing an additional 202,000 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Winnebago Industries by 108.1% during the 4th quarter. Millennium Management LLC now owns 352,901 shares of the construction company’s stock worth $19,621,000 after purchasing an additional 183,343 shares during the period. Hedge funds and other institutional investors own 87.97% of the company’s stock.

A number of brokerages recently commented on WGO. Zacks Investment Research cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. ValuEngine lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $44.00 target price on shares of Winnebago Industries in a research report on Monday, June 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $53.60.

Shares of Winnebago Industries opened at $38.75 on Friday, MarketBeat reports. Winnebago Industries, Inc. has a twelve month low of $33.15 and a twelve month high of $58.65. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.57 and a beta of 1.73. The company has a current ratio of 1.96, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, June 20th. The construction company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.11. The firm had revenue of $562.30 million for the quarter, compared to the consensus estimate of $540.59 million. Winnebago Industries had a return on equity of 21.25% and a net margin of 5.04%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. equities analysts expect that Winnebago Industries, Inc. will post 3.07 EPS for the current year.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities. It operates through two segments, Motorized and Towable. The company manufactures motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support various other lifestyles under the Winnebago brand.

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

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