Royal Bank of Canada Has $13.49 Million Position in Thor Industries, Inc. (THO)

Royal Bank of Canada increased its stake in shares of Thor Industries, Inc. (NYSE:THO) by 12.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 117,163 shares of the construction company’s stock after acquiring an additional 12,623 shares during the period. Royal Bank of Canada’s holdings in Thor Industries were worth $13,493,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Atlantic Trust Group LLC lifted its position in shares of Thor Industries by 11.8% during the 1st quarter. Atlantic Trust Group LLC now owns 14,145 shares of the construction company’s stock worth $1,629,000 after buying an additional 1,488 shares during the period. Verition Fund Management LLC lifted its position in shares of Thor Industries by 437.2% during the 1st quarter. Verition Fund Management LLC now owns 15,503 shares of the construction company’s stock worth $1,785,000 after buying an additional 12,617 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of Thor Industries by 23.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 71,018 shares of the construction company’s stock worth $8,178,000 after buying an additional 13,700 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in shares of Thor Industries during the 1st quarter worth approximately $170,000. Finally, LPL Financial LLC lifted its position in shares of Thor Industries by 29.8% during the 1st quarter. LPL Financial LLC now owns 17,873 shares of the construction company’s stock worth $2,058,000 after buying an additional 4,102 shares during the period. Institutional investors and hedge funds own 88.68% of the company’s stock.

Shares of Thor Industries opened at $97.21 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.04. Thor Industries, Inc. has a 52-week low of $89.89 and a 52-week high of $161.48. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 13.57 and a beta of 1.39.

Thor Industries declared that its Board of Directors has initiated a stock buyback plan on Wednesday, June 20th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the construction company to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Monday, July 2nd will be given a $0.37 dividend. The ex-dividend date is Friday, June 29th. This represents a $1.48 annualized dividend and a yield of 1.52%. Thor Industries’s payout ratio is 20.87%.

Several research firms recently commented on THO. ValuEngine downgraded Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. Zacks Investment Research upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. Aegis upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Thursday, March 8th. They noted that the move was a valuation call. BMO Capital Markets upgraded Thor Industries from a “market perform” rating to an “outperform” rating and set a $102.00 target price for the company in a research report on Tuesday, May 1st. Finally, Argus upgraded Thor Industries from a “hold” rating to a “buy” rating in a research report on Friday, March 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $127.13.

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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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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