Diversified Investment Strategies LLC grew its stake in Thor Industries, Inc. (NYSE:THO) by 17.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,200 shares of the construction company’s stock after buying an additional 1,950 shares during the period. Thor Industries accounts for 0.7% of Diversified Investment Strategies LLC’s holdings, making the stock its 23rd biggest position. Diversified Investment Strategies LLC’s holdings in Thor Industries were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of THO. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Thor Industries by 51.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,057,800 shares of the construction company’s stock worth $128,345,000 after buying an additional 696,621 shares during the last quarter. Scout Investments Inc. raised its holdings in shares of Thor Industries by 1,031.2% in the first quarter. Scout Investments Inc. now owns 674,971 shares of the construction company’s stock worth $42,098,000 after buying an additional 615,304 shares during the last quarter. Norges Bank purchased a new position in shares of Thor Industries in the fourth quarter worth $29,604,000. Carillon Tower Advisers Inc. raised its holdings in shares of Thor Industries by 734.8% in the first quarter. Carillon Tower Advisers Inc. now owns 470,911 shares of the construction company’s stock worth $29,371,000 after buying an additional 414,500 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Thor Industries by 5.3% in the first quarter. BlackRock Inc. now owns 4,632,711 shares of the construction company’s stock worth $288,945,000 after buying an additional 231,869 shares during the last quarter. 85.08% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on THO. SunTrust Banks reissued a “buy” rating and set a $80.00 target price on shares of Thor Industries in a report on Tuesday, June 11th. Northcoast Research began coverage on shares of Thor Industries in a report on Friday, June 14th. They set a “buy” rating and a $67.00 target price for the company. Citigroup reduced their target price on shares of Thor Industries from $78.00 to $70.00 in a report on Monday, June 17th. Finally, Zacks Investment Research cut shares of Thor Industries from a “buy” rating to a “strong sell” rating in a report on Wednesday, May 29th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Thor Industries currently has an average rating of “Hold” and an average price target of $80.44.
Shares of Thor Industries stock opened at $56.99 on Monday. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 1.07. The business’s fifty day simple moving average is $57.88. Thor Industries, Inc. has a 1 year low of $47.71 and a 1 year high of $109.94. The stock has a market capitalization of $3.14 billion, a PE ratio of 6.67, a PEG ratio of 0.64 and a beta of 1.84.
Thor Industries (NYSE:THO) last issued its earnings results on Monday, June 10th. The construction company reported $1.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.01). Thor Industries had a return on equity of 15.53% and a net margin of 1.74%. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the business earned $2.53 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that Thor Industries, Inc. will post 5.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a dividend of $0.39 per share. The ex-dividend date was Friday, June 28th. This represents a $1.56 annualized dividend and a yield of 2.74%. Thor Industries’s dividend payout ratio is presently 18.25%.
In other news, Director James L. Ziemer purchased 3,545 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were bought at an average price of $57.23 per share, for a total transaction of $202,880.35. Following the completion of the transaction, the director now owns 15,263 shares in the company, valued at $873,501.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is currently owned by company insiders.
About Thor Industries
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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