Penn Capital Management Company LLC Purchases 19,448 Shares of Winnebago Industries, Inc. $WGO

Penn Capital Management Company LLC increased its position in Winnebago Industries, Inc. (NYSE:WGO) by 133.1% during the 3rd quarter, Holdings Channel reports. The firm owned 34,058 shares of the RV manufacturer’s stock after acquiring an additional 19,448 shares during the quarter. Penn Capital Management Company LLC’s holdings in Winnebago Industries were worth $898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Winnebago Industries by 145.2% during the 3rd quarter. GAMMA Investing LLC now owns 954 shares of the RV manufacturer’s stock worth $25,000 after purchasing an additional 565 shares during the period. Allworth Financial LP purchased a new stake in shares of Winnebago Industries in the 2nd quarter worth $33,000. Versant Capital Management Inc lifted its holdings in shares of Winnebago Industries by 365.6% in the 3rd quarter. Versant Capital Management Inc now owns 1,313 shares of the RV manufacturer’s stock worth $35,000 after buying an additional 1,031 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Winnebago Industries in the 2nd quarter worth $74,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Winnebago Industries in the 2nd quarter worth $91,000.

Insider Buying and Selling at Winnebago Industries

In other news, CEO Michael J. Happe sold 12,045 shares of Winnebago Industries stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the transaction, the chief executive officer directly owned 349,349 shares in the company, valued at approximately $11,416,725.32. This trade represents a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 1,235 shares of Winnebago Industries stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total value of $39,186.55. Following the completion of the transaction, the senior vice president owned 31,373 shares in the company, valued at $995,465.29. This represents a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 29,840 shares of company stock valued at $988,803. 5.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WGO. Wall Street Zen downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Saturday. BMO Capital Markets decreased their price objective on Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, October 22nd. Wells Fargo & Company began coverage on Winnebago Industries in a report on Monday. They issued an “underweight” rating and a $27.00 price objective for the company. Seaport Research Partners initiated coverage on shares of Winnebago Industries in a research note on Monday, July 27th. They issued a “neutral” rating for the company. Finally, Weiss Ratings cut shares of Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.11.

Winnebago Industries Price Performance

NYSE WGO opened at $31.15 on Wednesday. The company has a market cap of $887.18 million, a PE ratio of 25.74 and a beta of 1.21. The firm’s 50 day moving average price is $27.64 and its 200-day moving average price is $32.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.04 and a current ratio of 2.17. Winnebago Industries, Inc. has a 52-week low of $21.95 and a 52-week high of $50.16.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Tuesday, September 29th. The RV manufacturer reported $0.49 EPS for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. Sell-side analysts forecast that Winnebago Industries, Inc. will post 1.93 EPS for the current fiscal year.

About Winnebago Industries

Winnebago Industries, Inc. designs and manufactures recreational vehicles and marine products. Its RV lineup includes motorhomes and towable recreational vehicles, while its marine business makes pontoons and powerboats. The company sells products under brands including Winnebago, Grand Design RV, Newmar, Chris-Craft and Barletta. Its offerings serve a range of recreational customers, from RV travelers to recreational boaters. Founded in 1958, Winnebago Industries is headquartered in Eden Prairie, Minnesota, and serves customers primarily in North America through a network of independent dealers.