State Board of Administration of Florida Retirement System Has $535,000 Holdings in Winnebago Industries, Inc. (NYSE:WGO)

State Board of Administration of Florida Retirement System cut its stake in Winnebago Industries, Inc. (NYSE:WGOGet Rating) by 18.1% in the second quarter, Holdings Channel.com reports. The firm owned 11,027 shares of the construction company’s stock after selling 2,440 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Winnebago Industries were worth $535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WGO. Advisors Asset Management Inc. boosted its stake in shares of Winnebago Industries by 71.8% during the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after buying an additional 260 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Winnebago Industries by 79.6% during the 1st quarter. Captrust Financial Advisors now owns 3,134 shares of the construction company’s stock worth $169,000 after buying an additional 1,389 shares during the last quarter. CX Institutional acquired a new position in shares of Winnebago Industries during the 2nd quarter worth about $174,000. Verity Asset Management Inc. boosted its stake in shares of Winnebago Industries by 7.0% during the 1st quarter. Verity Asset Management Inc. now owns 3,818 shares of the construction company’s stock worth $206,000 after buying an additional 251 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of Winnebago Industries by 6.2% during the 1st quarter. Guggenheim Capital LLC now owns 3,947 shares of the construction company’s stock worth $213,000 after buying an additional 232 shares during the last quarter. 97.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WGO has been the subject of a number of recent research reports. MKM Partners reduced their price objective on shares of Winnebago Industries to $53.00 in a research note on Thursday, October 20th. DA Davidson dropped their target price on shares of Winnebago Industries from $60.00 to $54.00 in a report on Monday, October 24th. Citigroup upped their target price on shares of Winnebago Industries to $68.00 in a report on Friday, September 30th. Finally, StockNews.com raised shares of Winnebago Industries from a “hold” rating to a “buy” rating in a report on Thursday, October 20th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.57.

Winnebago Industries Stock Down 0.4 %

Winnebago Industries stock opened at $57.20 on Friday. The stock has a market cap of $1.74 billion, a P/E ratio of 4.86 and a beta of 1.60. The company has a quick ratio of 1.09, a current ratio of 2.10 and a debt-to-equity ratio of 0.43. Winnebago Industries, Inc. has a twelve month low of $43.05 and a twelve month high of $78.88. The company’s 50-day moving average price is $57.11 and its two-hundred day moving average price is $55.46.

Winnebago Industries (NYSE:WGOGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The construction company reported $3.02 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.02. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Winnebago Industries had a net margin of 7.88% and a return on equity of 37.44%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.57 EPS. As a group, analysts expect that Winnebago Industries, Inc. will post 7.49 EPS for the current year.

Winnebago Industries Profile

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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.

Further Reading

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

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