Dynamic Technology Lab Private Ltd Takes $5.44 Million Position in Thor Industries, Inc. (THO)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 43,228 shares of the construction company’s stock, valued at approximately $5,443,000. Thor Industries makes up 0.9% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 2nd biggest position. Dynamic Technology Lab Private Ltd owned approximately 0.08% of Thor Industries at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in THO. Creative Planning boosted its holdings in shares of Thor Industries by 23.1% during the 2nd quarter. Creative Planning now owns 7,418 shares of the construction company’s stock valued at $775,000 after acquiring an additional 1,393 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Thor Industries by 4.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 17,536 shares of the construction company’s stock valued at $1,833,000 after acquiring an additional 755 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Thor Industries by 13.8% during the 2nd quarter. LS Investment Advisors LLC now owns 4,865 shares of the construction company’s stock valued at $508,000 after acquiring an additional 591 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Thor Industries by 3.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the construction company’s stock valued at $1,307,000 after acquiring an additional 400 shares in the last quarter. Finally, Sit Investment Associates Inc. boosted its holdings in shares of Thor Industries by 19.0% during the 2nd quarter. Sit Investment Associates Inc. now owns 29,625 shares of the construction company’s stock valued at $3,096,000 after acquiring an additional 4,725 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on THO shares. BidaskClub downgraded Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research lowered Thor Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Sidoti began coverage on Thor Industries in a research report on Friday, August 11th. They set a “buy” rating and a $133.00 target price for the company. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a research report on Wednesday, August 16th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 target price on shares of Thor Industries in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $123.08.

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Thor Industries, Inc. (NYSE THO) traded down $0.80 during mid-day trading on Friday, hitting $131.19. The stock had a trading volume of 607,400 shares, compared to its average volume of 696,533. Thor Industries, Inc. has a 1 year low of $86.01 and a 1 year 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 company has a market cap of $6,955.13, a price-to-earnings ratio of 18.62 and a beta of 1.42.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company posted $1.57 EPS. The business’s quarterly revenue was up 49.7% on a year-over-year basis. equities analysts forecast that Thor Industries, Inc. will post 8.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were given a $0.37 dividend. The ex-dividend date was Monday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 1.13%. Thor Industries’s dividend payout ratio (DPR) is 20.87%.

In other news, Chairman Peter Busch Orthwein sold 2,784 shares of Thor Industries stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the transaction, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.60% of the company’s stock.

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.

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

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