Morgan Stanley reduced its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 37.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,361 shares of the construction company’s stock after selling 48,315 shares during the period. Morgan Stanley owned about 0.25% of Winnebago Industries worth $2,321,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC increased its position in Winnebago Industries by 33.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,689 shares of the construction company’s stock valued at $137,000 after buying an additional 1,165 shares in the last quarter. Barnett & Company Inc. acquired a new position in Winnebago Industries during the first quarter valued at approximately $165,000. Mason Street Advisors LLC increased its position in Winnebago Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,204 shares of the construction company’s stock valued at $181,000 after buying an additional 424 shares during the period. Palouse Capital Management Inc. increased its position in Winnebago Industries by 0.9% in the first quarter. Palouse Capital Management Inc. now owns 7,410 shares of the construction company’s stock valued at $217,000 after buying an additional 64 shares during the period. Finally, Stevens Capital Management LP acquired a new position in Winnebago Industries during the first quarter valued at approximately $248,000. Hedge funds and other institutional investors own 79.58% of the company’s stock.

Winnebago Industries, Inc. (NYSE WGO) traded up 0.58% during trading on Friday, hitting $34.55. 501,114 shares of the company traded hands. Winnebago Industries, Inc. has a 12-month low of $22.11 and a 12-month high of $39.30. The stock has a 50 day moving average price of $35.11 and a 200 day moving average price of $31.01. The company has a market capitalization of $1.09 billion, a P/E ratio of 17.26 and a beta of 1.98.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, June 21st. The construction company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.72 by $0.22. Winnebago Industries had a return on equity of 20.01% and a net margin of 4.39%. The firm had revenue of $476.40 million for the quarter, compared to the consensus estimate of $440.94 million. During the same quarter last year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 75.1% compared to the same quarter last year. On average, equities analysts anticipate that Winnebago Industries, Inc. will post $2.23 earnings per share for the current year.

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Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. BMO Capital Markets restated a “market perform” rating and issued a $34.00 price target (up from $29.00) on shares of Winnebago Industries in a research note on Thursday, June 22nd. Finally, Stifel Nicolaus assumed coverage on shares of Winnebago Industries in a research note on Thursday, July 6th. They issued a “buy” rating and a $40.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $34.83.

About Winnebago Industries

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.

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

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