Wells Fargo & Company MN Sells 150,498 Shares of Thor Industries, Inc. (THO)

Wells Fargo & Company MN reduced its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 29.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 368,090 shares of the construction company’s stock after selling 150,498 shares during the period. Wells Fargo & Company MN’s holdings in Thor Industries were worth $30,809,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. WESCAP Management Group Inc. increased its holdings in Thor Industries by 3.1% during the 2nd quarter. WESCAP Management Group Inc. now owns 18,808 shares of the construction company’s stock valued at $1,831,000 after acquiring an additional 565 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Thor Industries by 3.0% during the 3rd quarter. Aperio Group LLC now owns 23,206 shares of the construction company’s stock worth $1,942,000 after purchasing an additional 667 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Thor Industries by 1.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 62,074 shares of the construction company’s stock worth $5,196,000 after purchasing an additional 728 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of Thor Industries by 2.0% during the 2nd quarter. Investec Asset Management LTD now owns 39,174 shares of the construction company’s stock worth $3,815,000 after purchasing an additional 781 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Thor Industries by 7.1% during the 2nd quarter. Amalgamated Bank now owns 11,840 shares of the construction company’s stock worth $1,153,000 after purchasing an additional 790 shares during the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

THO opened at $67.29 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.71. Thor Industries, Inc. has a 1 year low of $63.48 and a 1 year high of $161.48. The company has a market capitalization of $3.55 billion, a P/E ratio of 7.87 and a beta of 1.42.

Thor Industries (NYSE:THO) last released its earnings results on Thursday, September 20th. The construction company reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.03 by ($0.36). Thor Industries had a return on equity of 24.97% and a net margin of 5.16%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business posted $2.26 earnings per share. Thor Industries’s revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that Thor Industries, Inc. will post 8.14 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Thursday, October 25th were given a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, October 24th. This is a boost from Thor Industries’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 2.32%. Thor Industries’s dividend payout ratio (DPR) is currently 18.25%.

In related news, Director James L. Ziemer bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The shares were acquired at an average cost of $81.74 per share, with a total value of $408,700.00. Following the completion of the transaction, the director now owns 14,000 shares of the company’s stock, valued at $1,144,360. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on the stock. TD Securities reaffirmed a “hold” rating on shares of Thor Industries in a research note on Monday, November 19th. TheStreet cut shares of Thor Industries from a “b-” rating to a “c+” rating in a research note on Thursday, November 15th. Canaccord Genuity reaffirmed an “average” rating on shares of Thor Industries in a research note on Tuesday, November 13th. BMO Capital Markets reaffirmed a “buy” rating on shares of Thor Industries in a research note on Wednesday, November 7th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $95.00 price target on shares of Thor Industries in a research note on Monday, October 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Thor Industries currently has a consensus rating of “Buy” and a consensus target price of $118.57.

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Thor Industries Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.

Further Reading: Short Selling – Explanation For Shorting Stocks

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

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