Dubuque Bank & Trust Co. bought a new position in Thor Industries, Inc. (NYSE:THO) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 4,103 shares of the construction company’s stock, valued at approximately $429,000.
Several other institutional investors have also recently modified their holdings of the company. FMR LLC purchased a new position in shares of Thor Industries during the fourth quarter worth approximately $3,132,000. Thrivent Financial for Lutherans increased its position in shares of Thor Industries by 8.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,140 shares of the construction company’s stock worth $814,000 after buying an additional 650 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Thor Industries during the fourth quarter worth approximately $3,906,000. USA Financial Portformulas Corp increased its position in shares of Thor Industries by 2.4% in the fourth quarter. USA Financial Portformulas Corp now owns 5,743 shares of the construction company’s stock worth $575,000 after buying an additional 134 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Thor Industries by 10.0% in the fourth quarter. Teachers Advisors LLC now owns 149,810 shares of the construction company’s stock worth $14,988,000 after buying an additional 13,661 shares during the last quarter. Hedge funds and other institutional investors own 90.55% of the company’s stock.
Shares of Thor Industries, Inc. (NYSE THO) traded down 0.98% during midday trading on Friday, hitting $104.19. 291,315 shares of the stock traded hands. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 16.26 and a beta of 1.40. The firm has a 50-day moving average price of $104.07 and a 200 day moving average price of $100.67. Thor Industries, Inc. has a one year low of $73.61 and a one year high of $115.74.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business posted $1.51 EPS. The company’s quarterly revenue was up 56.9% on a year-over-year basis. Analysts anticipate that Thor Industries, Inc. will post $6.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, June 21st. Thor Industries’s dividend payout ratio (DPR) is presently 20.63%.
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A number of equities analysts recently commented on THO shares. SunTrust Banks, Inc. set a $125.00 target price on shares of Thor Industries and gave the stock a “buy” rating in a research note on Thursday, April 20th. Citigroup Inc. reiterated a “buy” rating and set a $111.00 target price (down previously from $117.00) on shares of Thor Industries in a research note on Saturday, April 22nd. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Wednesday, May 10th. BMO Capital Markets restated a “market perform” rating and issued a $110.00 price objective (up previously from $97.00) on shares of Thor Industries in a research note on Tuesday, June 6th. Finally, Off Wall Street assumed coverage on shares of Thor Industries in a research note on Thursday, June 29th. They issued a “sell” rating and a $75.00 price objective for the company. One research 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. Thor Industries presently has a consensus rating of “Buy” and a consensus target price of $107.06.
In other news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the completion of the transaction, the director now directly owns 4,988 shares of the company’s stock, valued at approximately $545,936.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 6.60% of the company’s stock.
Thor Industries Company Profile
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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