Pinebridge Investments L.P. Acquires 35 Shares of Winnebago Industries, Inc. (WGO)
Pinebridge Investments L.P. grew its holdings in shares of Winnebago Industries, Inc. (NYSE:WGO) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,496 shares of the construction company’s stock after purchasing an additional 35 shares during the quarter. Pinebridge Investments L.P.’s holdings in Winnebago Industries were worth $123,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in WGO. BlackRock Inc. boosted its stake in Winnebago Industries by 170,889.1% during the 1st quarter. BlackRock Inc. now owns 3,216,305 shares of the construction company’s stock worth $94,078,000 after purchasing an additional 3,214,424 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Winnebago Industries by 690.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 477,183 shares of the construction company’s stock worth $13,958,000 after purchasing an additional 416,813 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in Winnebago Industries during the 2nd quarter worth $13,413,000. Olstein Capital Management L.P. acquired a new stake in Winnebago Industries during the 2nd quarter worth $6,207,000. Finally, Monarch Partners Asset Management LLC acquired a new stake in Winnebago Industries during the 2nd quarter worth $5,064,000. 84.65% of the stock is currently owned by institutional investors.
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WGO has been the topic of several recent research reports. Zacks Investment Research cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. Stifel Nicolaus cut shares of Winnebago Industries from a “buy” rating to a “hold” rating and lifted their target price for the stock from $40.00 to $44.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. BidaskClub cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. ValuEngine cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Winnebago Industries in a research note on Thursday, September 28th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $40.60.
Winnebago Industries, Inc. (NYSE:WGO) opened at 43.20 on Friday. Winnebago Industries, Inc. has a 12 month low of $24.15 and a 12 month high of $46.85. The stock’s 50 day moving average is $39.33 and its 200 day moving average is $32.63. The firm has a market cap of $1.36 billion, a PE ratio of 21.58 and a beta of 1.99.
Winnebago Industries Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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