Thor Industries, Inc. (THO) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its position in shares of Thor Industries, Inc. (NYSE:THO) by 176.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,765 shares of the construction company’s stock after buying an additional 3,681 shares during the quarter. Meeder Asset Management Inc.’s holdings in Thor Industries were worth $726,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Huntington National Bank raised its holdings in Thor Industries by 82.0% during the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after buying an additional 443 shares during the last quarter. Sterling Investment Advisors Ltd. purchased a new position in Thor Industries during the 2nd quarter valued at $105,000. Fiduciary Trust Co. purchased a new position in Thor Industries during the 2nd quarter valued at $133,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Thor Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after purchasing an additional 151 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in Thor Industries by 7.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,746 shares of the construction company’s stock valued at $182,000 after purchasing an additional 125 shares during the period. Institutional investors own 91.54% of the company’s stock.

A number of research analysts have issued reports on the stock. Robert W. Baird reissued a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research report on Wednesday, November 1st. Canaccord Genuity reissued a “buy” rating on shares of Thor Industries in a research report on Friday, September 22nd. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a research report on Thursday, September 21st. BMO Capital Markets reissued a “hold” rating and set a $110.00 price objective on shares of Thor Industries in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Thor Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $120.97.

Thor Industries, Inc. (THO) traded down $0.11 during trading hours on Friday, hitting $129.89. 333,600 shares of the stock were exchanged, compared to its average volume of 699,454. The stock has a market cap of $6,850.27, a P/E ratio of 18.34 and a beta of 1.42. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.09. Thor Industries, Inc. has a 12-month low of $78.84 and a 12-month high of $138.07.

Thor Industries (NYSE:THO) last released its earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.31. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.83 billion. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The company’s revenue was up 49.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 EPS. analysts expect that Thor Industries, Inc. will post 8.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.14%. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, October 23rd. Thor Industries’s dividend payout ratio is 20.87%.

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In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.60% of the company’s stock.

About Thor Industries

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.

Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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