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New Big Money Means Winnebago Industries, Inc. (WGO) Investors Could Reap Benefit

Winnebago Industries, Inc. (NYSE: WGO) is -10.17% lower on its value in year-to-date trading and has touched a low of $53.94 and a high of $75.42 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WGO stock was last observed hovering at around $63.77 in the last trading session, with the day’s gains setting it 1.7%.

Currently trading at $65.47, the stock is -2.66% and -3.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 2.67% at the moment leaves the stock 0.27% off its SMA200. WGO registered 14.60% gain for a year compared to 6-month gain of 6.16%. The firm has a 50-day simple moving average (SMA 50) of $0.71 and a 200-day simple moving average (SMA200) of $7.69.

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The stock witnessed a -5.43% loss in the last 1 month and extending the period to 3 months gives it a -10.45%, and is 1.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.41% over the week and 2.53% over the month.

Winnebago Industries, Inc. (WGO) has around 6250 employees, a market worth around $1.91B and $3.30B in sales. Current P/E ratio is 12.72 and Fwd P/E is 8.75. Profit margin for the company is 5.50%. Distance from 52-week low is 21.38% and -13.19% from its 52-week high. The company has generated returns on investments over the last 12 months (9.13%).

Winnebago Industries, Inc. quarterly earnings per share for the current quarter are estimated at $0.85 with sales reaching $706.45M over the same period.The EPS is expected to shrink by -26.08% this year, but quarterly earnings will post -5.30% year-over-year.

354 institutions hold shares in Winnebago Industries, Inc. (WGO), with institutional investors hold 115.21% of the company’s shares. The shares outstanding are 29.80M, and float is at 28.26M with Short Float at 20.65%. Institutions hold 111.78% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 5.11 million shares valued at $341.09 million. The investor’s holdings represent 16.93% of the WGO Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.37 million shares valued at $157.88 million to account for 7.84% of the shares outstanding. The other top investors are Cooke & Bieler LP which holds 2.26 million shares representing 7.47% and valued at over $150.43 million, while Dimensional Fund Advisors LP holds 7.19% of the shares totaling 2.17 million with a market value of $144.88 million.

Winnebago Industries, Inc. (WGO) Insider Activity

The most recent transaction is an insider sale by West Christopher David, the company’s SVP-OPERATIONS. SEC filings show that West Christopher David sold 13,564 shares of the company’s common stock on Jan 04 ’24 at a price of $69.08 per share for a total of $0.94 million. Following the sale, the insider now owns 26309.0 shares.

Winnebago Industries, Inc. disclosed in a document filed with the SEC on Dec 22 ’23 that MOSS RICHARD D (Director) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Dec 22 ’23 and was made at $72.21 per share for $0.22 million. Following the transaction, the insider now directly holds 16542.0 shares of the WGO stock.

Still, SEC filings show that on Dec 22 ’23, Fisher William C. (Director) disposed off 1,000 shares at an average price of $72.10 for $72100.0. The insider now directly holds 27,211 shares of Winnebago Industries, Inc. (WGO).

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