Anderson Hoagland & Co. decreased its stake in Thor Industries, Inc. (NYSE:THO) by 21.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,911 shares of the construction company’s stock after selling 4,520 shares during the period. Anderson Hoagland & Co.’s holdings in Thor Industries were worth $1,768,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Thor Industries by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after buying an additional 214,042 shares in the last quarter. BlackRock Inc. increased its position in shares of Thor Industries by 14,578.8% in the first quarter. BlackRock Inc. now owns 3,792,127 shares of the construction company’s stock valued at $364,538,000 after buying an additional 3,766,293 shares in the last quarter. State Street Corp increased its position in shares of Thor Industries by 5.0% in the first quarter. State Street Corp now owns 1,320,280 shares of the construction company’s stock valued at $126,925,000 after buying an additional 62,855 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Thor Industries by 217.6% in the first quarter. JPMorgan Chase & Co. now owns 1,173,336 shares of the construction company’s stock valued at $112,792,000 after buying an additional 803,868 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Thor Industries by 19.5% in the first quarter. AQR Capital Management LLC now owns 1,053,386 shares of the construction company’s stock valued at $101,262,000 after buying an additional 171,908 shares in the last quarter. Institutional investors own 90.55% of the company’s stock.
Thor Industries, Inc. (NYSE THO) traded up 0.46% during trading on Thursday, hitting $105.27. The stock had a trading volume of 99,439 shares. Thor Industries, Inc. has a 52 week low of $73.59 and a 52 week high of $115.74. The stock has a market capitalization of $5.54 billion, a P/E ratio of 16.43 and a beta of 1.40. The company has a 50-day moving average of $103.65 and a 200-day moving average of $100.63.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $1.51 earnings per share. The business’s revenue for the quarter was up 56.9% on a year-over-year basis. On average, equities analysts expect that Thor Industries, Inc. will post $6.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Friday, June 23rd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.26%. The ex-dividend date was Wednesday, June 21st. Thor Industries’s dividend payout ratio is 20.63%.
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Several research firms recently issued reports on THO. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Saturday, June 24th. Citigroup Inc. restated a “buy” rating and issued a $118.00 price target (up from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. Stifel Nicolaus began coverage on Thor Industries in a research note on Thursday, July 6th. They issued a “hold” rating and a $110.00 price target for the company. BMO Capital Markets restated a “hold” rating and issued a $110.00 price target on shares of Thor Industries in a research note on Thursday, July 13th. Finally, Off Wall Street began coverage on Thor Industries in a research note on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $107.06.
In related news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the completion of the sale, the director now owns 4,988 shares of the company’s stock, valued at $545,936.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.60% of the stock is currently owned by company insiders.
About Thor Industries
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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