Braun Stacey Associates Inc. Has $17.98 Million Position in Thor Industries, Inc. (NYSE:THO)

Braun Stacey Associates Inc. lessened its holdings in Thor Industries, Inc. (NYSE:THO) by 12.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,794 shares of the construction company’s stock after selling 21,025 shares during the period. Thor Industries accounts for approximately 1.2% of Braun Stacey Associates Inc.’s portfolio, making the stock its 18th largest holding. Braun Stacey Associates Inc. owned approximately 0.27% of Thor Industries worth $17,979,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. First Trust Advisors LP increased its stake in Thor Industries by 14.3% in the third quarter. First Trust Advisors LP now owns 91,406 shares of the construction company’s stock valued at $11,509,000 after acquiring an additional 11,442 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Thor Industries by 24.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,172 shares of the construction company’s stock valued at $273,000 after acquiring an additional 426 shares during the last quarter. Nationwide Fund Advisors increased its stake in Thor Industries by 1.9% in the third quarter. Nationwide Fund Advisors now owns 191,894 shares of the construction company’s stock valued at $24,161,000 after acquiring an additional 3,488 shares during the last quarter. Swedbank bought a new position in Thor Industries in the third quarter valued at $129,759,000. Finally, Whittier Trust Co. bought a new position in Thor Industries in the third quarter valued at $286,000. Institutional investors own 91.54% of the company’s stock.

In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the sale, the chairman now owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is owned by company insiders.

THO has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a research note on Wednesday, August 16th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Wednesday, August 30th. BidaskClub raised Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Aegis reaffirmed a “hold” rating and set a $130.00 price objective (up from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. Finally, Northcoast Research reiterated a “buy” rating and set a $145.00 target price (up from $134.00) on shares of Thor Industries in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $120.97.

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Thor Industries, Inc. (NYSE THO) traded down $0.11 during mid-day trading on Friday, hitting $129.89. 333,600 shares of the stock traded hands, compared to its average volume of 699,454. The stock has a market capitalization of $6,850.27, a price-to-earnings 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 1 year low of $78.84 and a 1 year high of $138.07.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. The company had revenue of $1.93 billion during 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 firm’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. analysts forecast that Thor Industries, Inc. will post 8.14 earnings per share for the current year.

The company also recently declared 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. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio (DPR) is 20.87%.

Thor Industries 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.

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

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