Noteworthy SEC Filing: Summit Partners L P Just Opened Huge Winnebago Industries Inc Position

Noteworthy SEC Filing: Summit Partners L P Just Opened Huge Winnebago Industries Inc Position

The New Summit Partners L P Holding in Winnebago Industries Inc

Summit Partners L P filed with the SEC SC 13D form for Winnebago Industries Inc. The form can be accessed here: 000119312516769866. As reported in Summit Partners L P’s form, the filler as of late owns 7.3% or 2,293,277 shares of the Consumer Discretionary–company.

Winnebago Industries Inc stake is a new one for the for the hedge fund and it was filed because of activity on November 8, 2016. We feel this shows Summit Partners L P’s positive view for the stock. For a hedge fund managing $10.31 billion in assets and having 129+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Summit Partners L P’s US equities portfolio is in this sector.

Winnebago Industries Inc Institutional Sentiment

Latest Security and Exchange filings show 134 investors own Winnebago Industries Inc. The institutional ownership in Q3 2015 is high, at 92.09% of the outstanding shares. This is decreased by 1727640 the total institutional shares. 25040611 were the shares owned by these institutional investors. In total 13 funds opened new Winnebago Industries Inc stakes, 55 increased stakes. There were 26 that closed positions and 39 reduced them.

Walthausen & Company is an institutional investor bullish on Winnebago Industries Inc, owning 649846 shares as of Q3 2015 for 1.09% of its portfolio. Kennedy Capital Management Inc owns 1090280 shares or 0.43% of its portfolio. CA Meridian Investment Counsel Inc have 1.37% of their stock portfolio for 87367 shares. Further, Mount Vernon Associates Inc reported stake worth 1.55% of its US stock portfolio. The CT Gendell Jeffrey L owns 555845 shares. Winnebago Industries Inc is 2.21% of the manager’s US portfolio.

Business Profile

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. The Company offers products under categories, which include motorhomes, towables and other manufactured products. The Company produces all of its motorhomes in vertically integrated manufacturing facilities in Iowa and it produces all travel trailer and fifth wheel trailers in Indiana. The Company operates under the brand, Winnebago. The Company distributes its products primarily through independent dealers throughout the United States and Canada, who then retail the products to the end consumer.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Summit Partners L P website.

Insitutional Activity: The institutional sentiment increased to 1.55 in 2016 Q2. Its up 0.05, from 1.5 in 2016Q1. The ratio is positive, as 9 funds sold all Winnebago Industries, Inc. shares owned while 35 reduced positions. 18 funds bought stakes while 50 increased positions. They now own 23.99 million shares or 1.63% less from 24.39 million shares in 2016Q1.

Panagora Asset Mngmt Inc last reported 846 shares in the company. State Street Corp accumulated 561,489 shares or 0% of the stock. Ameriprise Fincl accumulated 0% or 352,550 shares. California State Teachers Retirement System has 0% invested in the company for 56,109 shares. Brandes Invest Prtn L P reported 77,059 shares or 0.03% of all its holdings. Legal General Grp Public Ltd holds 0% of its portfolio in Winnebago Industries, Inc. (NYSE:WGO) for 7,582 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Winnebago Industries, Inc. (NYSE:WGO) for 1,640 shares. Teachers Advsr accumulated 0% or 42,701 shares. Pinebridge L P has 3,411 shares for 0% of their US portfolio. The Maryland-based Counselors Of Maryland Ltd Llc has invested 1.11% in Winnebago Industries, Inc. (NYSE:WGO). Lsv Asset Mngmt, a Illinois-based fund reported 85,600 shares. Moreover, Kcg Hldgs has 0.02% invested in Winnebago Industries, Inc. (NYSE:WGO) for 36,204 shares. The Illinois-based Northern has invested 0% in Winnebago Industries, Inc. (NYSE:WGO). Citigroup has 612 shares for 0% of their US portfolio. Secor Capital Advsr L P last reported 0.06% of its portfolio in the stock.

The stock decreased 0.16% or $0.05 during the last trading session, hitting $31.35. About 156,852 shares traded hands. Winnebago Industries, Inc. (NYSE:WGO) has risen 45.24% since April 14, 2016 and is uptrending. It has outperformed by 40.55% the S&P500.

Winnebago Industries, Inc. is a manufacturer of recreation vehicles used primarily in leisure travel and outdoor recreation activities. The company has a market cap of $844.31 million. The Firm designs, develops, makes and markets motorized and towable recreation products along with supporting services and products. It has a 18.63 P/E ratio. The Company’s other products manufactured by the Company consist of original equipment maker (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.

Winnebago Industries, Inc. (NYSE:WGO) Ratings Coverage

Out of 2 analysts covering Winnebago Industries (NYSE:WGO), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Winnebago Industries has been the topic of 3 analyst reports since August 26, 2015 according to StockzIntelligence Inc. Sidoti initiated Winnebago Industries, Inc. (NYSE:WGO) on Friday, November 11 with “Buy” rating. The stock of Winnebago Industries, Inc. (NYSE:WGO) earned “Hold” rating by Zacks on Wednesday, August 26. The company was upgraded on Monday, October 3 by Robert W. Baird.

More recent Winnebago Industries, Inc. (NYSE:WGO) news were published by: Fool.com which released: “Why Winnebago Industries, Inc. Stock Soared 24% Today” on October 03, 2016. Also Fool.com published the news titled: “Why Winnebago Industries, Inc. Stock Gained 20% in March” on April 07, 2016. Nasdaq.com‘s news article titled: “Winnebago Industries, Inc. (WGO) Ex-Dividend Date Scheduled for November 07, 2016” with publication date: November 04, 2016 was also an interesting one.

According to Zacks Investment Research, “Winnebago Industries, Inc. is a leading U.S. manufacturer of motor homes, self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. Motor home sales by the Company represented more than 87 percent of its revenues in each of the past five fiscal years. The Company’s motor homes are sold through dealer organizations primarily under the Winnebago, Itasca, Vectra, Rialta and Luxor brand names.”

WGO Company Profile

Winnebago Industries, Inc., incorporated on February 12, 1958, is a maker of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Firm designs, develops, makes and markets motorized and towable recreation products along with supporting services and products. The Company’s other products manufactured by the Company consist of original equipment maker (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles. The Firm offers products under categories, which include motorhomes, towables and other manufactured products. The Firm produces all of its motorhomes in vertically integrated manufacturing facilities in Iowa and it produces all travel trailer and fifth wheel trailers in Indiana. The Firm distributes its products primarily through independent dealers throughout the United States and Canada, who then retail the products to the end consumer.

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