MML Investors Services LLC boosted its stake in Thor Industries (NYSE:THO) by 58.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,172 shares of the construction company’s stock after buying an additional 1,903 shares during the period. MML Investors Services LLC’s holdings in Thor Industries were worth $780,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Jaffetilchin Investment Partners LLC increased its position in Thor Industries by 45.1% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 12,905 shares of the construction company’s stock worth $1,945,000 after buying an additional 4,012 shares during the period. Janney Capital Management LLC acquired a new stake in Thor Industries in the third quarter worth $566,000. Dynamic Technology Lab Private Ltd acquired a new stake in Thor Industries in the third quarter worth $5,443,000. Caxton Associates LP acquired a new stake in Thor Industries in the third quarter worth $441,000. Finally, The Manufacturers Life Insurance Company increased its position in Thor Industries by 12.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 81,470 shares of the construction company’s stock worth $12,279,000 after buying an additional 9,310 shares during the period. 86.01% of the stock is currently owned by hedge funds and other institutional investors.
THO has been the topic of several analyst reports. Argus lowered Thor Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Aegis raised Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a report 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 company a “hold” rating in a report on Friday, February 9th. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a 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 report on Friday, January 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Thor Industries has a consensus rating of “Buy” and an average target price of $129.90.
Shares of THO stock opened at $112.97 on Friday. Thor Industries has a fifty-two week low of $87.96 and a fifty-two week high of $161.48. The stock has a market cap of $5,888.67, a P/E ratio of 15.93 and a beta of 1.36. The company has a quick ratio of 0.91, a current ratio of 1.63 and a debt-to-equity ratio of 0.05.
Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, March 7th. The construction company reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $1.93 billion. During the same quarter last year, the business posted $1.23 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. sell-side analysts predict that Thor Industries will post 9.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.48 annualized dividend and a yield of 1.31%. Thor Industries’s dividend payout ratio is currently 20.87%.
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Thor Industries Company Profile
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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