WINTON GROUP Ltd cut its stake in shares of Thor Industries, Inc. (NYSE:THO) by 43.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,216 shares of the construction company’s stock after selling 6,220 shares during the period. WINTON GROUP Ltd’s holdings in Thor Industries were worth $859,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in THO. Huntington National Bank grew its stake in shares of Thor Industries by 82.0% during the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after purchasing an additional 443 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Thor Industries during the second quarter worth $104,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of Thor Industries during the second quarter worth $105,000. Fiduciary Trust Co. acquired a new stake in shares of Thor Industries during the second quarter worth $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Thor Industries by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after purchasing an additional 151 shares during the period. 89.40% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on THO. BMO Capital Markets reaffirmed a “market perform” rating and set a $135.00 price objective (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $114.00 price objective (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Aegis reissued a “hold” rating and issued a $130.00 target price (up from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. Citigroup Inc. boosted their target price on Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird reissued an “outperform” rating and issued a $120.00 target price on shares of Thor Industries in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $119.74.
Thor Industries, Inc. (NYSE THO) opened at 132.10 on Friday. Thor Industries, Inc. has a 1-year low of $74.00 and a 1-year high of $133.29. The firm has a 50-day moving average price of $120.58 and a 200-day moving average price of $105.25. The firm has a market capitalization of $6.95 billion, a PE ratio of 18.63 and a beta of 1.37.
Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.83 billion. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The firm’s revenue for the quarter was up 49.7% compared to the same quarter last year. During the same period last year, the business posted $1.57 EPS. Equities analysts expect that Thor Industries, Inc. will post $8.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. Thor Industries’s dividend payout ratio (DPR) is currently 18.62%.
In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the transaction, the chairman now owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.60% of the company’s stock.
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.
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