Motley Fool Wealth Management LLC bought a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 112,041 shares of the construction company’s stock, valued at approximately $9,378,000. Motley Fool Wealth Management LLC owned about 0.21% of Thor Industries as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Randolph Co Inc bought a new stake in Thor Industries during the 2nd quarter valued at $6,188,000. Callahan Advisors LLC lifted its holdings 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 purchasing an additional 3,122 shares during the last quarter. Alps Advisors Inc. lifted its holdings 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 purchasing an additional 6,194 shares during the last quarter. Raymond James & Associates lifted its holdings 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 purchasing an additional 24,112 shares during the last quarter. Finally, 12th Street Asset Management Company LLC lifted its holdings 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 purchasing an additional 111,428 shares during the last quarter. 86.21% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on THO shares. TheStreet lowered Thor Industries from a “b-” rating to a “c+” rating in a report on Thursday, November 15th. Zacks Investment Research upgraded Thor Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Northcoast Research reiterated a “buy” rating on shares of Thor Industries in a report on Friday, August 17th. Robert W. Baird reiterated a “buy” rating and set a $95.00 price objective on shares of Thor Industries in a report on Monday, October 29th. Finally, Sidoti decreased their price objective on Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Thor Industries has an average rating of “Buy” and a consensus price target of $118.57.
THO stock traded up $1.94 during midday trading on Monday, reaching $69.75. The stock had a trading volume of 1,300,300 shares, compared to its average volume of 1,052,030. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 8.16 and a beta of 1.45. 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 52-week low of $63.48 and a 52-week high of $161.48.
Thor Industries (NYSE:THO) last issued its earnings results on Thursday, September 20th. The construction company reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.36). The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Thor Industries had a return on equity of 24.97% and a net margin of 5.16%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $2.26 EPS. As a group, equities research analysts expect that Thor Industries, Inc. will post 8 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Thursday, October 25th were paid a $0.39 dividend. This is a positive change from Thor Industries’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, October 24th. This represents a $1.56 dividend on an annualized basis and a yield of 2.24%. Thor Industries’s dividend payout ratio (DPR) is 18.25%.
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Thor Industries Company 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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