Two Sigma Securities LLC acquired a new position in Thor Industries (NYSE:THO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,435 shares of the construction company’s stock, valued at approximately $367,000.
Several other institutional investors and hedge funds have also made changes to their positions in THO. Capital Growth Management LP grew its stake in shares of Thor Industries by 405.6% in the 4th quarter. Capital Growth Management LP now owns 455,000 shares of the construction company’s stock worth $68,578,000 after purchasing an additional 365,000 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Thor Industries by 3,456.0% in the 4th quarter. Acadian Asset Management LLC now owns 324,771 shares of the construction company’s stock worth $48,949,000 after purchasing an additional 315,638 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Thor Industries by 54.1% in the 4th quarter. Renaissance Technologies LLC now owns 618,300 shares of the construction company’s stock worth $93,190,000 after purchasing an additional 217,018 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Thor Industries in the 4th quarter worth approximately $29,153,000. Finally, Deutsche Bank AG grew its stake in shares of Thor Industries by 72.0% in the 4th quarter. Deutsche Bank AG now owns 461,537 shares of the construction company’s stock worth $69,561,000 after purchasing an additional 193,196 shares during the last quarter. 86.01% of the stock is currently owned by institutional investors.
Shares of THO opened at $112.97 on Friday. Thor Industries has a one year low of $87.96 and a one year high of $161.48. The stock has a market capitalization of $5,888.67, a price-to-earnings 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 EPS for the quarter, topping the consensus estimate of $1.81 by $0.11. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Thor Industries had a net margin of 5.38% and a return on equity of 28.42%. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period last year, the company posted $1.23 earnings per share. analysts anticipate that Thor Industries will post 9.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, March 28th. Thor Industries’s dividend payout ratio is currently 20.87%.
Several brokerages have recently issued reports on THO. Argus raised shares of Thor Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 16th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating and issued a $142.00 price objective (up previously from $132.00) on shares of Thor Industries in a research note on Thursday, March 8th. Northcoast Research reaffirmed a “hold” rating on shares of Thor Industries in a research note on Tuesday, February 27th. Aegis upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Thursday, March 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $129.90.
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Thor Industries 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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