Allianz Asset Management GmbH Trims Position in Thor Industries, Inc. (THO)

Allianz Asset Management GmbH lessened its stake in Thor Industries, Inc. (NYSE:THO) by 12.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 912,892 shares of the construction company’s stock after selling 123,996 shares during the period. Allianz Asset Management GmbH owned about 1.73% of Thor Industries worth $114,943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. World Asset Management Inc lifted its stake in Thor Industries by 0.8% during the second quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock worth $392,000 after purchasing an additional 29 shares during the period. FMR LLC lifted its stake in Thor Industries by 0.4% during the second quarter. FMR LLC now owns 8,046 shares of the construction company’s stock worth $841,000 after purchasing an additional 30 shares during the period. Sawtooth Solutions LLC lifted its stake in Thor Industries by 4.4% during the second quarter. Sawtooth Solutions LLC now owns 3,373 shares of the construction company’s stock worth $353,000 after purchasing an additional 142 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Thor Industries by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after purchasing an additional 151 shares during the period. Finally, Penobscot Investment Management Company Inc. lifted its stake in Thor Industries by 1.9% during the second quarter. Penobscot Investment Management Company Inc. now owns 10,155 shares of the construction company’s stock worth $1,061,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 88.63% of the company’s stock.

Thor Industries, Inc. (NYSE THO) traded down $2.92 during trading hours on Tuesday, hitting $148.67. 848,100 shares of the stock were exchanged, compared to its average volume of 710,570. Thor Industries, Inc. has a 52 week low of $87.96 and a 52 week high of $156.86. The company has a quick ratio of 0.91, a current ratio of 1.50 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $7,830.00, a PE ratio of 18.88 and a beta of 1.45.

Thor Industries (NYSE:THO) last posted its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.59. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. Thor Industries’s quarterly revenue was up 30.6% compared to the same quarter last year. analysts anticipate that Thor Industries, Inc. will post 8.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were issued a $0.37 dividend. The ex-dividend date was Monday, October 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio (DPR) is currently 18.43%.

THO has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Thor Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Sidoti initiated coverage on shares of Thor Industries in a research note on Friday, August 11th. They set a “buy” rating and a $133.00 price target for the company. Stifel Nicolaus restated a “hold” rating on shares of Thor Industries in a research note on Wednesday, August 16th. BMO Capital Markets restated a “hold” rating and set a $110.00 price target on shares of Thor Industries in a research note on Friday, September 1st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $120.00 target price on shares of Thor Industries in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Thor Industries has a consensus rating of “Buy” and an average target price of $124.33.

In related news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the completion of the sale, the director now owns 4,988 shares of the company’s stock, valued at $766,905. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

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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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