Castleark Management LLC bought a new stake in Thor Industries, Inc. (NYSE:THO) during the second quarter, according to its most recent filing with the SEC. The firm bought 4,820 shares of the construction company’s stock, valued at approximately $504,000.
Other large investors have also recently bought and sold shares of the company. Hancock Holding Co. grew its stake in Thor Industries by 349.8% in the 2nd quarter. Hancock Holding Co. now owns 139,189 shares of the construction company’s stock valued at $14,549,000 after buying an additional 108,247 shares during the last quarter. Financial Counselors Inc. acquired a new position in Thor Industries in the 2nd quarter valued at $1,144,000. United Capital Financial Advisers LLC grew its stake in Thor Industries by 2.7% in the 1st quarter. United Capital Financial Advisers LLC now owns 13,278 shares of the construction company’s stock valued at $1,276,000 after buying an additional 354 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Thor Industries by 23.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 35,997 shares of the construction company’s stock valued at $3,763,000 after buying an additional 6,806 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Thor Industries by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after buying an additional 214,042 shares during the last quarter. Institutional investors and hedge funds own 89.40% of the company’s stock.
In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the transaction, the chairman now directly owns 1,396,352 shares in the company, valued at $160,580,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.60% of the company’s stock.
Thor Industries, Inc. (NYSE THO) traded down 0.72% during mid-day trading on Tuesday, reaching $129.58. 28,230 shares of the company’s stock traded hands. The firm has a 50 day moving average of $117.65 and a 200 day moving average of $104.12. The firm has a market cap of $6.81 billion, a PE ratio of 20.22 and a beta of 1.36. Thor Industries, Inc. has a 1-year low of $74.00 and a 1-year high of $130.89.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the company posted $1.57 earnings per share. Thor Industries’s revenue was up 49.7% compared to the same quarter last year. Analysts forecast that Thor Industries, Inc. will post $8.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 1.13%. Thor Industries’s dividend payout ratio is 18.62%.
A number of research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $135.00 target price (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Stifel Nicolaus reiterated a “hold” rating and issued a $114.00 target price (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Aegis reiterated a “hold” rating and issued a $130.00 target price (up from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. Citigroup Inc. raised their target price on shares of Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $120.00 target price on shares of Thor Industries in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $119.74.
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Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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