PNC Financial Services Group Inc. raised its stake in shares of Thor Industries, Inc. (NYSE:THO) by 99.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,060 shares of the construction company’s stock after buying an additional 19,446 shares during the period. PNC Financial Services Group Inc.’s holdings in Thor Industries were worth $3,270,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Callahan Advisors LLC boosted its stake in shares of Thor Industries by 6.7% during the 3rd quarter. Callahan Advisors LLC now owns 49,598 shares of the construction company’s stock valued at $4,151,000 after buying an additional 3,122 shares during the period. Alps Advisors Inc. boosted its stake in shares of Thor Industries by 65.2% during the 3rd quarter. Alps Advisors Inc. now owns 15,693 shares of the construction company’s stock valued at $1,314,000 after buying an additional 6,194 shares during the period. Raymond James & Associates boosted its stake in shares of Thor Industries by 26.9% during the 2nd quarter. Raymond James & Associates now owns 113,706 shares of the construction company’s stock valued at $11,074,000 after buying an additional 24,112 shares during the period. 12th Street Asset Management Company LLC boosted its stake in shares of Thor Industries by 58.2% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 302,783 shares of the construction company’s stock valued at $25,339,000 after buying an additional 111,428 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Thor Industries by 6.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 279,389 shares of the construction company’s stock valued at $27,210,000 after buying an additional 18,099 shares during the period. 86.21% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 19th. Sidoti reduced their price objective on shares of Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Zacks Investment Research raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Northcoast Research reaffirmed a “buy” rating on shares of Thor Industries in a research note on Friday, August 17th. Finally, Citigroup reduced their price objective on shares of Thor Industries from $130.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $114.38.
In related news, Chairman Peter Busch Orthwein sold 5,028 shares of Thor Industries stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $69.63, for a total value of $350,099.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James L. Ziemer bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was purchased at an average price of $81.74 per share, for a total transaction of $408,700.00. Following the acquisition, the director now directly owns 14,000 shares in the company, valued at $1,144,360. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by insiders.
THO stock opened at $60.34 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 1.01. Thor Industries, Inc. has a 1 year low of $55.50 and a 1 year high of $161.48. The firm has a market capitalization of $3.40 billion, a P/E ratio of 7.06 and a beta of 1.44.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Thursday, December 6th. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.39). Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the firm posted $2.43 EPS. The firm’s revenue for the quarter was down 21.3% on a year-over-year basis. Equities analysts forecast that Thor Industries, Inc. will post 7.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Thursday, October 25th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Wednesday, October 24th. This is a positive change from Thor Industries’s previous quarterly dividend of $0.37. Thor Industries’s payout ratio is presently 18.25%.
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Thor Industries Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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