Insider Selling: Winnebago Industries VP Sells 15,000 Shares of Stock (WGO)
Winnebago Industries (NYSE:WGO) VP William Oleary sold 15,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $27.50, for a total value of $412,500.00. Following the completion of the transaction, the vice president now directly owns 41,863 shares in the company, valued at approximately $1,151,233. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on WGO. Analysts at Zacks reiterated a “hold” rating on shares of Winnebago Industries in a research note to investors on Thursday. They now have a $27.80 price target on the stock. Separately, analysts at Griffin Securities raised their price target on shares of Winnebago Industries from $30.00 to $35.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Shares of Winnebago Industries (NYSE:WGO) traded up 4.91% during mid-day trading on Thursday, hitting $28.62. 1,223,079 shares of the company’s stock traded hands. Winnebago Industries has a 1-year low of $10.99 and a 1-year high of $25.95. The stock’s 50-day moving average is $23.23 and its 200-day moving average is $21.32. The company has a market cap of $799.1 million and a price-to-earnings ratio of 12.45.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.11. The company had revenue of $214.20 million for the quarter, compared to the consensus estimate of $206.10 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 31.8% on a year-over-year basis. Analysts expect that Winnebago Industries will post $1.02 EPS for the current fiscal year.
Winnebago Industries, Inc, is a United States manufacturer of recreation vehicles (NYSE:WGO) used primarily in leisure travel and outdoor recreation activities.
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