Oak Point Wealth Management Takes Position in Thor Industries, Inc. (THO)

Oak Point Wealth Management bought a new position in shares of Thor Industries, Inc. (NYSE:THO) during the fourth quarter, HoldingsChannel.com reports. The firm bought 5,447 shares of the construction company’s stock, valued at approximately $822,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. grew its position in Thor Industries by 26.9% during the third quarter. Sit Investment Associates Inc. now owns 37,600 shares of the construction company’s stock worth $4,734,000 after buying an additional 7,975 shares in the last quarter. Hancock Holding Co. grew its position in Thor Industries by 349.8% during the second quarter. Hancock Holding Co. now owns 139,189 shares of the construction company’s stock worth $14,549,000 after buying an additional 108,247 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Thor Industries by 114.2% during 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 in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Thor Industries by 34.5% during the second 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 in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Thor Industries by 14.5% during the third quarter. IFP Advisors Inc now owns 6,852 shares of the construction company’s stock valued at $863,000 after purchasing an additional 868 shares in the last quarter. 88.35% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $114.00 price objective (up from $110.00) on shares of Thor Industries in a report on Saturday, September 30th. Robert W. Baird reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Thor Industries in a report on Thursday, September 28th. ValuEngine raised Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. 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 report on Saturday, September 30th. Finally, Aegis reaffirmed a “hold” rating and set a $130.00 price objective (up from $113.00) on shares of Thor Industries in a report on Saturday, September 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $125.18.

Shares of Thor Industries, Inc. (THO) traded down $1.12 on Tuesday, hitting $153.75. The stock had a trading volume of 297,300 shares, compared to its average volume of 457,600. The firm has a market cap of $8,050.00, a P/E ratio of 19.15 and a beta of 1.45. The company has a quick ratio of 0.91, a current ratio of 1.50 and a debt-to-equity ratio of 0.05. Thor Industries, Inc. has a fifty-two week low of $87.96 and a fifty-two week high of $157.50.

Thor Industries (NYSE:THO) last announced its earnings results on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, topping the consensus estimate of $1.84 by $0.59. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. Thor Industries’s revenue was up 30.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. sell-side analysts anticipate that Thor Industries, Inc. will post 9.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 26th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, December 22nd. Thor Industries’s payout ratio is currently 18.43%.

In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $153.75, for a total value of $153,750.00. Following the transaction, the director now directly owns 4,988 shares of the company’s stock, valued at approximately $766,905. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.

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Thor Industries 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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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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