Amundi Pioneer Asset Management Inc. Reduces Position in Thor Industries, Inc. (NYSE:THO)

Amundi Pioneer Asset Management Inc. lessened its position in shares of Thor Industries, Inc. (NYSE:THO) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,170 shares of the construction company’s stock after selling 117,824 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.22% of Thor Industries worth $5,989,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Thor Industries by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,409,980 shares of the construction company’s stock worth $369,116,000 after buying an additional 45,427 shares during the period. Vanguard Group Inc boosted its position in shares of Thor Industries by 1.0% during the third quarter. Vanguard Group Inc now owns 4,409,980 shares of the construction company’s stock worth $369,116,000 after buying an additional 45,427 shares during the period. BlackRock Inc. boosted its position in shares of Thor Industries by 0.3% during the fourth quarter. BlackRock Inc. now owns 4,400,842 shares of the construction company’s stock worth $228,842,000 after buying an additional 12,350 shares during the period. Swedbank boosted its position in shares of Thor Industries by 9.0% during the fourth quarter. Swedbank now owns 3,630,600 shares of the construction company’s stock worth $186,395,000 after buying an additional 300,400 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Thor Industries by 13.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,361,179 shares of the construction company’s stock worth $70,782,000 after buying an additional 158,042 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Shares of THO traded up $0.02 during midday trading on Wednesday, reaching $69.28. 549,300 shares of the stock were exchanged, compared to its average volume of 885,759. Thor Industries, Inc. has a twelve month low of $47.71 and a twelve month high of $111.39. The stock has a market capitalization of $3.78 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 0.83 and a beta of 1.70.

Thor Industries (NYSE:THO) last posted its earnings results on Wednesday, March 6th. The construction company reported $0.65 EPS 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 firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm posted $1.51 EPS. The firm’s revenue for the quarter was down 34.5% on a year-over-year basis. As a group, equities research analysts forecast that Thor Industries, Inc. will post 5.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Wednesday, April 3rd. Thor Industries’s dividend payout ratio is currently 18.25%.

Several research analysts have recently commented on the company. ValuEngine lowered Thor Industries from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Zacks Investment Research cut Thor Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. SunTrust Banks increased their price objective on Thor Industries to $85.00 and gave the company a “buy” rating in a research note on Tuesday, February 12th. BMO Capital Markets cut Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 price objective on the stock. in a research note on Monday, February 4th. Finally, Bank of America assumed coverage on Thor Industries in a research note on Tuesday, March 26th. They issued an “underperform” rating and a $62.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $90.44.

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

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