ClariVest Asset Management LLC trimmed its holdings in Thor Industries, Inc. (NYSE:THO) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,074 shares of the construction company’s stock after selling 9,863 shares during the quarter. ClariVest Asset Management LLC owned about 0.43% of Thor Industries worth $28,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Sit Investment Associates Inc. lifted its stake in shares of Thor Industries by 26.9% in the 3rd quarter. Sit Investment Associates Inc. now owns 37,600 shares of the construction company’s stock valued at $4,734,000 after purchasing an additional 7,975 shares during the period. Hancock Holding Co. lifted its stake in shares of Thor Industries by 349.8% in the 2nd quarter. Hancock Holding Co. now owns 139,189 shares of the construction company’s stock valued at $14,549,000 after purchasing an additional 108,247 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Thor Industries by 34.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,259 shares of the construction company’s stock valued at $3,894,000 after purchasing an additional 9,553 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Thor Industries by 23.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 35,997 shares of the construction company’s stock valued at $3,763,000 after purchasing an additional 6,806 shares during the period. Finally, Financial Counselors Inc. acquired a new position in shares of Thor Industries in the 2nd quarter valued at about $1,144,000. 91.31% of the stock is currently owned by institutional investors.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the sale, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.60% of the company’s stock.
Shares of Thor Industries, Inc. (NYSE:THO) traded up $0.22 during trading on Thursday, reaching $131.99. The company had a trading volume of 575,600 shares, compared to its average volume of 696,936. Thor Industries, Inc. has a twelve month low of $85.43 and a twelve month high of $138.07. The company has a market cap of $6,943.54, a price-to-earnings ratio of 18.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.51 and a quick ratio of 0.92.
Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.31. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates 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 was up 49.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. sell-side analysts predict that Thor Industries, Inc. will post 8.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were issued a dividend of $0.37 per share. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Monday, October 23rd. Thor Industries’s payout ratio is currently 20.87%.
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THO has been the topic of a number of recent analyst reports. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Tuesday, September 5th. Aegis initiated coverage on Thor Industries in a research note on Monday, September 11th. They issued a “hold” rating and a $113.00 price objective on the stock. BMO Capital Markets reissued a “hold” rating and issued a $110.00 price objective on shares of Thor Industries in a research note on Friday, September 1st. Robert W. Baird reissued a “buy” rating and issued a $120.00 price objective on shares of Thor Industries in a research note on Friday, September 8th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $123.08.
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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