Principal Financial Group Inc. Trims Holdings in Winnebago Industries, Inc. (NYSE:WGO)

Principal Financial Group Inc. trimmed its position in Winnebago Industries, Inc. (NYSE:WGO) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,991 shares of the construction company’s stock after selling 8,587 shares during the quarter. Principal Financial Group Inc.’s holdings in Winnebago Industries were worth $9,181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its holdings in Winnebago Industries by 196.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock worth $86,000 after acquiring an additional 989 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Winnebago Industries by 5,711.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,717 shares of the construction company’s stock worth $507,000 after acquiring an additional 8,567 shares in the last quarter. Vest Financial LLC increased its holdings in Winnebago Industries by 24.6% in the 3rd quarter. Vest Financial LLC now owns 25,381 shares of the construction company’s stock worth $1,475,000 after acquiring an additional 5,004 shares in the last quarter. Creative Planning increased its holdings in Winnebago Industries by 21.7% in the 3rd quarter. Creative Planning now owns 9,880 shares of the construction company’s stock worth $574,000 after acquiring an additional 1,760 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after acquiring an additional 286 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Truist Financial reduced their target price on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Robert W. Baird cut their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a 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 for the company in a report on Monday, November 11th. Finally, Benchmark cut their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.13.

Insider Transactions 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 shares were acquired at an average price of $54.81 per share, with a total value of $109,620.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction dated Friday, November 1st. The stock was 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 in the company, valued at $1,343,953.92. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.63% of the company’s stock.

Winnebago Industries Stock Performance

Shares of NYSE WGO opened at $58.71 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. Winnebago Industries, Inc. has a 12 month low of $49.68 and a 12 month high of $75.42. The company has a 50 day simple moving average of $58.00 and a two-hundred day simple moving average of $58.08. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 195.71 and a beta of 1.60.

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

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 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.