Oak Point Wealth Management acquired a new stake in shares of Thor Industries, Inc. (NYSE:THO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,447 shares of the construction company’s stock, valued at approximately $822,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Thor Industries by 8.7% during the second quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock valued at $430,843,000 after purchasing an additional 329,996 shares during the last quarter. Vanguard Group Inc. boosted its position in Thor Industries by 1.2% during the second quarter. Vanguard Group Inc. now owns 4,042,036 shares of the construction company’s stock valued at $422,474,000 after purchasing an additional 48,345 shares during the last quarter. Wells Fargo & Company MN boosted its position in Thor Industries by 3.5% during the third quarter. Wells Fargo & Company MN now owns 1,370,856 shares of the construction company’s stock valued at $172,604,000 after purchasing an additional 46,011 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Thor Industries during the second quarter valued at $128,458,000. Finally, Swedbank acquired a new stake in Thor Industries during the third quarter valued at $129,759,000. 88.35% of the stock is owned by hedge funds and other institutional investors.
Thor Industries, Inc. (THO) traded down $1.12 during midday trading on Tuesday, reaching $153.75. The company’s stock had a trading volume of 297,300 shares, compared to its average volume of 457,600. Thor Industries, Inc. has a one year low of $87.96 and a one year high of $157.50. The company has a current ratio of 1.50, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $8,050.00, a price-to-earnings ratio of 19.15 and a beta of 1.45.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 26th will be paid a $0.37 dividend. The ex-dividend date is Friday, December 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.96%. Thor Industries’s payout ratio is presently 18.43%.
THO has been the topic of several recent research reports. Robert W. Baird restated a “buy” rating and set a $136.00 target price on shares of Thor Industries in a report on Wednesday, November 1st. Aegis initiated coverage on Thor Industries in a report on Monday, September 11th. They set a “hold” rating and a $113.00 target price on the stock. Argus lowered Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Canaccord Genuity restated a “buy” rating on shares of Thor Industries in a report on Friday, September 22nd. Finally, Northcoast Research restated a “buy” rating and set a $145.00 target price (up from $134.00) on shares of Thor Industries in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $125.18.
In other news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $153.75, for a total value of $153,750.00. Following the transaction, the director now directly owns 4,988 shares in the company, valued at $766,905. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.10% of the company’s stock.
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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.
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