Piedmont Investment Advisors LLC cut its position in shares of Thor Industries, Inc. (NYSE:THO) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,268 shares of the construction company’s stock after selling 32 shares during the period. Piedmont Investment Advisors LLC’s holdings in Thor Industries were worth $506,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Thor Industries by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,085 shares of the construction company’s stock valued at $709,000 after buying an additional 21 shares in the last quarter. Somerset Trust Co boosted its position in Thor Industries by 0.4% in the first quarter. Somerset Trust Co now owns 6,641 shares of the construction company’s stock worth $639,000 after buying an additional 25 shares during the period. State Treasurer State of Michigan boosted its position in Thor Industries by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,400 shares of the construction company’s stock worth $1,865,000 after buying an additional 100 shares during the period. Atria Investments LLC boosted its position in Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock worth $213,000 after buying an additional 128 shares during the period. Finally, USA Financial Portformulas Corp boosted its position in Thor Industries by 2.4% in the fourth quarter. USA Financial Portformulas Corp now owns 5,743 shares of the construction company’s stock worth $575,000 after buying an additional 134 shares during the period. Institutional investors own 90.55% of the company’s stock.
Thor Industries, Inc. (NYSE THO) opened at 104.88 on Tuesday. The firm has a 50-day moving average price of $99.61 and a 200 day moving average price of $100.54. Thor Industries, Inc. has a 52 week low of $73.24 and a 52 week high of $115.74. The company has a market cap of $5.52 billion, a P/E ratio of 16.37 and a beta of 1.40.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. Thor Industries’s revenue was up 56.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.51 EPS. Analysts expect that Thor Industries, Inc. will post $6.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 23rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Wednesday, June 21st. Thor Industries’s payout ratio is 20.63%.
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A number of research firms recently commented on THO. Citigroup Inc. reaffirmed a “buy” rating and issued a $111.00 price target (down previously from $117.00) on shares of Thor Industries in a research note on Saturday, April 22nd. BMO Capital Markets downgraded Thor Industries from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 6th. Zacks Investment Research cut Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Stifel Nicolaus assumed coverage on Thor Industries in a report on Thursday, July 6th. They set a “hold” rating and a $110.00 price target on the stock. Finally, SunTrust Banks, Inc. set a $125.00 target price on Thor Industries and gave the company a “buy” rating in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $107.06.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total transaction of $109,450.00. Following the completion of the transaction, the director now directly owns 4,988 shares of the company’s stock, valued at approximately $545,936.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.
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