Is Winnebago Industries, Inc. (WGO) a Good Stock to Invest in?

As aggregate interest increased, some big names have jumped into Winnebago Industries, Inc. (NYSE:WGO) headfirst. Two Sigma Advisors, led by John Overdeck and David Siegel, established the most outsized position in Winnebago Industries, Inc. (NYSE:WGO). Two Sigma Advisors had $1.2 million invested in the company at the end of the quarter. Peter Muller’s PDT Partners also made a $0.9 million investment in the stock during the quarter. The other funds with brand new WGO positions are Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Glenn Russell Dubin’s Highbridge Capital Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Winnebago Industries, Inc. (NYSE:WGO) but similarly valued. These stocks are Aimmune Therapeutics Inc (NASDAQ:AIMT), Dime Community Bancshares, Inc. (NASDAQ:DCOM), Richmont Mines Inc. (USA) (NYSEAMEX:RIC), and Cass Information Systems (NASDAQ:CASS). This group of stocks’ market valuations are similar to WGO’s market valuation.

As you can see these stocks had an average of eight funds with bullish positions and the average amount invested in these stocks was $55 million. That figure was $89 million in WGO’s case. Aimmune Therapeutics Inc (NASDAQ:AIMT) is the most popular stock in this table. On the other hand Cass Information Systems (NASDAQ:CASS) is the least popular one with only five long hedge fund positions. Compared to these stocks Winnebago Industries, Inc. (NYSE:WGO) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none