NJ State Employees Deferred Compensation Plan Lowers Stock Holdings in Winnebago Industries, Inc. (NYSE:WGO)

NJ State Employees Deferred Compensation Plan reduced its stake in Winnebago Industries, Inc. (NYSE:WGO) by 13.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,000 shares of the construction company’s stock after selling 2,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Winnebago Industries were worth $502,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of Winnebago Industries by 402.4% in the 1st quarter. Versant Capital Management Inc now owns 839 shares of the construction company’s stock valued at $26,000 after purchasing an additional 672 shares during the last quarter. NEXT Financial Group Inc purchased a new position in shares of Winnebago Industries in the 2nd quarter valued at approximately $42,000. Advisor Group Inc. grew its stake in shares of Winnebago Industries by 103.4% in the 4th quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock valued at $40,000 after purchasing an additional 841 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Winnebago Industries by 27.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock valued at $48,000 after purchasing an additional 428 shares during the last quarter. Finally, Brasada Capital Management LP purchased a new position in shares of Winnebago Industries in the 1st quarter valued at approximately $171,000. Institutional investors own 94.95% of the company’s stock.

Shares of Winnebago Industries stock traded down $0.89 during trading on Friday, reaching $38.75. The company’s stock had a trading volume of 345,237 shares, compared to its average volume of 301,501. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. Winnebago Industries, Inc. has a 12-month low of $19.77 and a 12-month high of $42.08. The firm has a market capitalization of $1.25 billion, a P/E ratio of 12.30, a P/E/G ratio of 0.52 and a beta of 1.59. The business’s 50 day simple moving average is $38.72.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, June 19th. The construction company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.09. Winnebago Industries had a return on equity of 18.94% and a net margin of 5.51%. The firm had revenue of $528.90 million for the quarter, compared to the consensus estimate of $560.77 million. During the same period in the previous year, the business earned $1.02 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Analysts predict that Winnebago Industries, Inc. will post 3.48 EPS for the current fiscal year.

Several research analysts have weighed in on the company. ValuEngine upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. SunTrust Banks lifted their price target on Winnebago Industries to $48.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Northcoast Research initiated coverage on Winnebago Industries in a research note on Friday, June 14th. They issued a “buy” rating and a $47.00 price target on the stock. Finally, Robert W. Baird lifted their price target on Winnebago Industries from $40.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Winnebago Industries has an average rating of “Buy” and an average target price of $42.00.

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 five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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

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