HM Payson & Co. decreased its position in Thor Industries, Inc. (NYSE:THO) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,194 shares of the construction company’s stock after selling 3,309 shares during the quarter. HM Payson & Co. owned about 0.14% of Thor Industries worth $11,333,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in THO. Assetmark Inc. bought a new stake in shares of Thor Industries in the 4th quarter valued at approximately $134,000. Good Life Advisors LLC bought a new stake in shares of Thor Industries in the 4th quarter valued at approximately $201,000. Indiana Trust & Investment Management CO bought a new stake in shares of Thor Industries in the 4th quarter valued at approximately $203,000. Guardian Capital LP bought a new stake in shares of Thor Industries in the 3rd quarter valued at approximately $204,000. Finally, Optimum Investment Advisors bought a new stake in shares of Thor Industries in the 3rd quarter valued at approximately $205,000. 85.28% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Argus cut Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Aegis raised Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Thursday, March 8th. They noted that the move was a valuation call. ValuEngine raised Thor Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Northcoast Research reissued a “hold” rating on shares of Thor Industries in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $129.90.
Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, March 7th. The construction company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.11. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Thor Industries had a return on equity of 28.42% and a net margin of 5.38%. The company’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.23 earnings per share. equities analysts forecast that Thor Industries, Inc. will post 9.37 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. Thor Industries’s payout ratio is currently 17.81%.
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.
Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.