IFP Advisors Inc increased its stake in Thor Industries, Inc. (NYSE:THO) by 14.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,852 shares of the construction company’s stock after acquiring an additional 868 shares during the period. IFP Advisors Inc’s holdings in Thor Industries were worth $863,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in THO. K.J. Harrison & Partners Inc boosted its position in shares of Thor Industries by 9.6% during the third quarter. K.J. Harrison & Partners Inc now owns 5,000 shares of the construction company’s stock valued at $630,000 after buying an additional 440 shares during the period. Parametrica Management Ltd boosted its position in shares of Thor Industries by 145.8% during the third quarter. Parametrica Management Ltd now owns 4,734 shares of the construction company’s stock valued at $596,000 after buying an additional 2,808 shares during the period. Copeland Capital Management LLC boosted its position in shares of Thor Industries by 1.3% during the third quarter. Copeland Capital Management LLC now owns 217,459 shares of the construction company’s stock valued at $27,380,000 after buying an additional 2,713 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Thor Industries during the third quarter valued at approximately $5,480,000. Finally, Callahan Advisors LLC boosted its position in shares of Thor Industries by 5.7% during the third quarter. Callahan Advisors LLC now owns 35,983 shares of the construction company’s stock valued at $4,531,000 after buying an additional 1,938 shares during the period. Institutional investors own 91.31% of the company’s stock.
In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’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 completion of the sale, the chairman now owns 1,396,352 shares in the company, valued at approximately $160,580,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is currently owned by corporate insiders.
Shares of Thor Industries, Inc. (NYSE:THO) opened at $129.98 on Tuesday. Thor Industries, Inc. has a 12 month low of $82.91 and a 12 month high of $138.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 1.51. The stock has a market cap of $6,844.47, a PE ratio of 18.32 and a beta of 1.42.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, topping the 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 firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. research analysts predict that Thor Industries, Inc. will post 8.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio is 20.87%.
A number of analysts recently issued reports on THO shares. Sidoti started coverage on Thor Industries in a report on Friday, August 11th. They issued a “buy” rating and a $133.00 price target for the company. Robert W. Baird reiterated a “buy” rating and issued a $120.00 price target on shares of Thor Industries in a report on Friday, September 8th. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Tuesday, September 5th. Canaccord Genuity reiterated a “buy” rating on shares of Thor Industries in a report on Friday, September 22nd. Finally, Northcoast Research reissued a “buy” rating and issued a $145.00 price objective (up previously from $134.00) on shares of Thor Industries in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $120.97.
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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