Franklin Resources Inc. cut its stake in shares of Thor Industries (NYSE:THO) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 536,552 shares of the construction company’s stock after selling 51,461 shares during the quarter. Franklin Resources Inc. owned 1.02% of Thor Industries worth $80,869,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Growth Management LP lifted its holdings in Thor Industries by 405.6% in the fourth quarter. Capital Growth Management LP now owns 455,000 shares of the construction company’s stock valued at $68,578,000 after acquiring an additional 365,000 shares during the period. Acadian Asset Management LLC raised its stake in shares of Thor Industries by 3,456.0% during the 4th quarter. Acadian Asset Management LLC now owns 324,771 shares of the construction company’s stock worth $48,949,000 after buying an additional 315,638 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Thor Industries by 54.1% in the 4th quarter. Renaissance Technologies LLC now owns 618,300 shares of the construction company’s stock valued at $93,190,000 after buying an additional 217,018 shares during the period. Wedge Capital Management L L P NC purchased a new stake in Thor Industries in the 4th quarter valued at about $29,153,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Thor Industries in the 4th quarter valued at about $15,509,000. 86.01% of the stock is owned by hedge funds and other institutional investors.
Shares of THO traded down $2.23 during trading on Friday, reaching $112.97. The company’s stock had a trading volume of 924,511 shares, compared to its average volume of 955,085. Thor Industries has a twelve month low of $87.96 and a twelve month high of $161.48. The company has a quick ratio of 0.91, a current ratio of 1.63 and a debt-to-equity ratio of 0.05. The firm has a market cap of $6,070.46, a price-to-earnings ratio of 13.21 and a beta of 1.36.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, March 7th. The construction company reported $1.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.11. Thor Industries had a return on equity of 28.42% and a net margin of 5.38%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the business earned $1.23 EPS. The business’s quarterly revenue was up 24.1% on a year-over-year basis. equities analysts expect that Thor Industries will post 9.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.31%. Thor Industries’s dividend payout ratio (DPR) is 20.87%.
Several equities analysts have recently weighed in on the company. Argus lowered Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Aegis raised Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Thursday, March 8th. They noted that the move was a valuation call. Stifel Nicolaus set a $132.00 price target on Thor Industries and gave the stock a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, Northcoast Research lowered Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $129.90.
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About Thor Industries
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.
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