361 Capital LLC lessened its stake in Thor Industries, Inc. (NYSE:THO) by 56.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,236 shares of the construction company’s stock after selling 10,464 shares during the period. 361 Capital LLC’s holdings in Thor Industries were worth $1,037,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank grew its stake in Thor Industries by 82.0% in the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after buying an additional 443 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Thor Industries in the 2nd quarter worth approximately $104,000. Sterling Investment Advisors Ltd. purchased a new position in Thor Industries in the 2nd quarter worth approximately $105,000. Fiduciary Trust Co. purchased a new position in Thor Industries in the 2nd quarter worth approximately $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Thor Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after buying an additional 151 shares in the last quarter. 89.57% of the stock is owned by institutional investors and hedge funds.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the transaction, the chairman now directly owns 1,396,352 shares in the company, valued at approximately $160,580,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by corporate insiders.
A number of equities analysts have commented on the stock. BidaskClub raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $114.00 price objective (up previously from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Robert W. Baird reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Thor Industries in a research note on Thursday, September 28th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $135.00 price objective (up previously from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Finally, Aegis reaffirmed a “hold” rating and issued a $130.00 price objective (up previously from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Thor Industries presently has an average rating of “Buy” and a consensus target price of $123.08.
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Shares of Thor Industries, Inc. (NYSE:THO) traded up $2.03 on Monday, reaching $135.90. 20,214 shares of the company’s stock traded hands, compared to its average volume of 695,711. The stock has a market cap of $7,054.19, a PE ratio of 18.88 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 fifty-two week low of $86.27 and a fifty-two week high of $138.07.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the business earned $1.57 EPS. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. analysts predict that Thor Industries, Inc. will post 8.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were issued a $0.37 dividend. The ex-dividend date was Monday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a yield of 1.09%. Thor Industries’s dividend payout ratio is 20.87%.
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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