Louisiana State Employees Retirement System raised its position in Thor Industries, Inc. (NYSE:THO) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,000 shares of the construction company’s stock after buying an additional 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Thor Industries were worth $873,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of THO. FTB Advisors Inc. boosted its holdings in Thor Industries by 155.6% in the 4th quarter. FTB Advisors Inc. now owns 570 shares of the construction company’s stock worth $29,000 after buying an additional 347 shares during the last quarter. Patten Group Inc. boosted its holdings in Thor Industries by 40.0% in the 4th quarter. Patten Group Inc. now owns 560 shares of the construction company’s stock worth $29,000 after buying an additional 160 shares during the last quarter. Resources Investment Advisors Inc. acquired a new stake in Thor Industries in the 4th quarter worth about $30,000. Private Capital Group LLC boosted its holdings in Thor Industries by 56.1% in the 4th quarter. Private Capital Group LLC now owns 584 shares of the construction company’s stock worth $31,000 after buying an additional 210 shares during the last quarter. Finally, Exane Derivatives acquired a new stake in Thor Industries in the 4th quarter worth about $33,000. Institutional investors own 85.54% of the company’s stock.
THO has been the topic of a number of research reports. ValuEngine raised shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 15th. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a research note on Monday, February 4th. SunTrust Banks raised their target price on shares of Thor Industries to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, February 12th. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Friday, February 15th. Finally, Bank of America initiated coverage on shares of Thor Industries in a research note on Tuesday, March 26th. They issued an “underperform” rating and a $62.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $90.44.
Thor Industries (NYSE:THO) last released its earnings results on Wednesday, March 6th. The construction company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.23). Thor Industries had a return on equity of 17.27% and a net margin of 3.21%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business earned $1.51 earnings per share. The company’s revenue for the quarter was down 34.5% compared to the same quarter last year. As a group, sell-side analysts predict that Thor Industries, Inc. will post 5.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Wednesday, April 3rd. Thor Industries’s payout ratio is presently 18.25%.
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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