Legal & General Group Plc boosted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,272 shares of the construction company’s stock after buying an additional 1,181 shares during the quarter. Legal & General Group Plc owned approximately 0.13% of Thor Industries worth $5,546,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Aperio Group LLC boosted its position in Thor Industries by 3.0% during the third 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 period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Thor Industries by 1.2% in the third 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 buying an additional 728 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Thor Industries by 5.4% in the third quarter. Janney Montgomery Scott LLC now owns 17,584 shares of the construction company’s stock worth $1,472,000 after buying an additional 895 shares in the last quarter. Alpine Woods Capital Investors LLC lifted its holdings in shares of Thor Industries by 7.8% in the third quarter. Alpine Woods Capital Investors LLC now owns 12,930 shares of the construction company’s stock worth $1,082,000 after buying an additional 930 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Thor Industries by 18.8% in the third quarter. State of Alaska Department of Revenue now owns 5,978 shares of the construction company’s stock worth $500,000 after buying an additional 948 shares in the last quarter. Institutional investors own 85.96% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. TD Securities reissued a “hold” rating on shares of Thor Industries in a report on Monday, November 19th. Citigroup lowered their price target on shares of Thor Industries from $130.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, October 4th. SunTrust Banks reissued a “buy” rating and issued a $85.00 price target on shares of Thor Industries in a report on Thursday, December 6th. ValuEngine raised shares of Thor Industries from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 19th. Finally, Canaccord Genuity reissued an “average” rating on shares of Thor Industries in a report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $111.38.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 5,028 shares of Thor Industries stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $69.63, for a total transaction of $350,099.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jan Suwinski purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, December 11th. The shares were acquired at an average cost of $58.20 per share, for a total transaction of $116,400.00. Following the completion of the purchase, the director now directly owns 18,263 shares of the company’s stock, valued at approximately $1,062,906.60. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.
Shares of THO opened at $59.72 on Friday. The company has a market capitalization of $3.19 billion, a P/E ratio of 6.98 and a beta of 1.60. Thor Industries, Inc. has a 1-year low of $47.71 and a 1-year high of $161.48.
Thor Industries (NYSE:THO) last announced its earnings results on Thursday, December 6th. The construction company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.39). The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Thor Industries had a net margin of 4.02% and a return on equity of 21.09%. The company’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.43 earnings per share. As a group, equities analysts anticipate that Thor Industries, Inc. will post 6.04 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 10th. Investors of record on Thursday, December 27th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, December 26th. Thor Industries’s dividend payout ratio is currently 18.25%.
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About Thor Industries
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.
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