Principal Financial Group Inc. Sells 8,587 Shares of Winnebago Industries, Inc. (NYSE:WGO)

Principal Financial Group Inc. trimmed its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 5.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 157,991 shares of the construction company’s stock after selling 8,587 shares during the quarter. Principal Financial Group Inc. owned 0.55% of Winnebago Industries worth $9,181,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its stake in shares of Winnebago Industries by 196.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock worth $86,000 after buying an additional 989 shares during the period. International Assets Investment Management LLC increased its stake in shares of Winnebago Industries by 5,711.3% in the third quarter. International Assets Investment Management LLC now owns 8,717 shares of the construction company’s stock worth $507,000 after buying an additional 8,567 shares during the period. Vest Financial LLC increased its stake in shares of Winnebago Industries by 24.6% in the third quarter. Vest Financial LLC now owns 25,381 shares of the construction company’s stock worth $1,475,000 after buying an additional 5,004 shares during the period. Creative Planning increased its stake in shares of Winnebago Industries by 21.7% in the third quarter. Creative Planning now owns 9,880 shares of the construction company’s stock worth $574,000 after buying an additional 1,760 shares during the period. Finally, Sound Income Strategies LLC increased its stake in shares of Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares during the period.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, Director William C. Fisher purchased 2,000 shares of Winnebago Industries stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now directly owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 6.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the sale, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at $1,343,953.92. The trade was a 33.93 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, November 11th. BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Benchmark reduced their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.13.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock opened at $58.71 on Tuesday. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 195.71 and a beta of 1.60. The firm’s 50-day moving average is $58.00 and its 200 day moving average is $58.08. Winnebago Industries, Inc. has a 1 year low of $49.68 and a 1 year high of $75.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). The firm had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 EPS. Sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.61 EPS for the current fiscal year.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.