Citigroup Inc. Sells 97,441 Shares of Thor Industries, Inc. (THO)

Citigroup Inc. trimmed its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 96.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,064 shares of the construction company’s stock after selling 97,441 shares during the period. Citigroup Inc.’s holdings in Thor Industries were worth $425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of THO. Huntington National Bank increased its stake in shares of Thor Industries by 82.0% during the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after purchasing an additional 443 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Thor Industries during the 2nd quarter worth approximately $104,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Thor Industries during the 2nd quarter worth approximately $105,000. Fiduciary Trust Co. purchased a new position in shares of Thor Industries during the 2nd quarter worth approximately $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Thor Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after purchasing an additional 151 shares in the last quarter. 89.40% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on the stock. Citigroup Inc. raised their price objective on shares of Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. BMO Capital Markets reissued a “market perform” rating and set a $135.00 price objective (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Stifel Nicolaus reissued a “hold” rating and set a $114.00 price objective (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Aegis reissued a “hold” rating and set a $130.00 price objective (up from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. Finally, SunTrust Banks, Inc. raised their price objective on shares of Thor Industries and gave the stock a “buy” rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $119.74.

Shares of Thor Industries, Inc. (NYSE:THO) opened at 129.17 on Monday. The firm has a 50-day moving average of $117.65 and a 200 day moving average of $104.12. The stock has a market capitalization of $6.79 billion, a PE ratio of 20.16 and a beta of 1.36. Thor Industries, Inc. has a 1-year low of $74.00 and a 1-year high of $129.88.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the business earned $1.57 earnings per share. The firm’s revenue was up 49.7% compared to the same quarter last year. On average, equities analysts anticipate that Thor Industries, Inc. will post $8.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, October 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.15%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s payout ratio is currently 18.62%.

In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares in the company, valued at $160,580,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.60% of the stock is owned by insiders.

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Thor Industries 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.

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

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