Sei Investments Co. trimmed its stake in Thor Industries, Inc. (NYSE:THO) by 20.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,277 shares of the construction company’s stock after selling 17,051 shares during the period. Sei Investments Co. owned about 0.13% of Thor Industries worth $8,597,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Thor Industries in the third quarter valued at $396,000. BNP Paribas Arbitrage SA increased its holdings in Thor Industries by 114.2% in the third quarter. BNP Paribas Arbitrage SA now owns 160,300 shares of the construction company’s stock valued at $20,183,000 after purchasing an additional 85,463 shares during the period. Chase Investment Counsel Corp acquired a new stake in Thor Industries in the third quarter valued at $614,000. Sprott Inc. increased its holdings in Thor Industries by 11.8% in the third quarter. Sprott Inc. now owns 57,000 shares of the construction company’s stock valued at $7,177,000 after purchasing an additional 6,000 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Thor Industries by 32.2% in the third quarter. Bessemer Group Inc. now owns 9,187 shares of the construction company’s stock valued at $1,156,000 after purchasing an additional 2,236 shares during the period. Institutional investors and hedge funds own 89.57% of the company’s stock.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of Thor Industries stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION WARNING: This piece of content was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://transcriptdaily.com/2017/11/22/sei-investments-co-sells-17051-shares-of-thor-industries-inc-tho.html.
Thor Industries, Inc. (THO) opened at $137.61 on Wednesday. Thor Industries, Inc. has a 1 year low of $86.81 and a 1 year high of $138.07. The firm has a market cap of $7,122.17, a PE ratio of 19.06 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 announced its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm earned $1.57 EPS. The firm’s revenue for the quarter was up 49.7% compared to the same quarter last year. equities analysts expect that Thor Industries, Inc. will post 8.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were given a $0.37 dividend. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, October 23rd. This represents a $1.48 annualized dividend and a yield of 1.08%. Thor Industries’s dividend payout ratio (DPR) is presently 20.87%.
A number of analysts recently weighed in on THO shares. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Wednesday, August 30th. Robert W. Baird reiterated a “buy” rating and set a $136.00 price target on shares of Thor Industries in a report on Wednesday, November 1st. BidaskClub downgraded Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price target on shares of Thor Industries in a report on Friday, September 1st. Finally, SunTrust Banks, Inc. increased their price target on Thor Industries and gave the stock a “buy” rating in a report on Thursday, September 28th. 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 company. The company presently has an average rating of “Buy” and a consensus target price of $123.08.
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.
Want to see what other hedge funds are holding THO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thor Industries, Inc. (NYSE:THO).
Receive News & Ratings for Thor Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.