Meridian Investment Counsel buys $2,171,528 stake in Winnebago Industries (WGO)

Winnebago Industries (WGO) : Meridian Investment Counsel scooped up 5,775 additional shares in Winnebago Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 92,642 shares of Winnebago Industries which is valued at $2,171,528.Winnebago Industries makes up approximately 1.43% of Meridian Investment Counsel’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors boosted its stake in WGO in the latest quarter, The investment management firm added 874 additional shares and now holds a total of 13,160 shares of Winnebago Industries which is valued at $308,470.State Board Of Administration Of Florida Retirement System reduced its stake in WGO by selling 598 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 30,845 shares of WGO which is valued at $718,997. Stoneridge Investment Partners sold out all of its stake in WGO during the most recent quarter. The investment firm sold 51,161 shares of WGO which is valued $1,198,191.

Winnebago Industries closed down -0.06 points or -0.25% at $23.83 with 89,779 shares getting traded on Friday. Post opening the session at $23.81, the shares hit an intraday low of $23.75 and an intraday high of $23.97 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Winnebago Industries reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jun 22, 2016. Analyst had a consensus of $0.45. The company had revenue of $272.10 million for the quarter, compared to analysts expectations of $270.46 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Winnebago Industries Inc. is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago Itasca and Era brands names. Other products manufactured by the Company consisted primarily of original equipment manufacturing (OEM) parts including extruded aluminum and other component products for other manufacturers commercial vehicles and commercial transit buses. The Company Operates through three major product categories including Motorhomes Towable RVs Other manufactured products.

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