Texas Permanent School Fund grew its stake in Thor Industries, Inc. (NYSE:THO) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,478 shares of the construction company’s stock after acquiring an additional 1,977 shares during the quarter. Texas Permanent School Fund owned 0.07% of Thor Industries worth $2,123,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in shares of Thor Industries by 122.2% in the second quarter. Captrust Financial Advisors now owns 1,000 shares of the construction company’s stock worth $59,000 after purchasing an additional 550 shares during the last quarter. Quest Capital Management Inc. ADV purchased a new stake in Thor Industries during the third quarter valued at $59,000. Pearl River Capital LLC increased its position in Thor Industries by 70,000.0% during the second quarter. Pearl River Capital LLC now owns 1,402 shares of the construction company’s stock valued at $82,000 after acquiring an additional 1,400 shares during the last quarter. First Manhattan Co. purchased a new stake in Thor Industries during the second quarter valued at $84,000. Finally, HM Payson & Co. purchased a new stake in Thor Industries during the second quarter valued at $90,000. 88.21% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. Bank of America reduced their price objective on Thor Industries from $58.00 to $47.00 and set an “underperform” rating for the company in a research report on Wednesday, September 4th. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Monday, September 30th. CL King cut Thor Industries from a “buy” rating to a “neutral” rating in a research report on Monday, September 9th. Zacks Investment Research upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Robert W. Baird reiterated a “reduce” rating and set a $65.00 price objective (up previously from $60.00) on shares of Thor Industries in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Thor Industries presently has a consensus rating of “Hold” and an average price target of $67.44.
Shares of THO opened at $67.98 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 0.90. The business has a 50-day simple moving average of $58.31 and a two-hundred day simple moving average of $56.21. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.00 and a beta of 1.97. Thor Industries, Inc. has a 52 week low of $42.05 and a 52 week high of $72.48.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, September 30th. The construction company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.27. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Thor Industries had a return on equity of 15.50% and a net margin of 1.69%. The business’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 earnings per share. On average, equities analysts anticipate that Thor Industries, Inc. will post 5.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a $0.40 dividend. This is a boost from Thor Industries’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, October 24th. This represents a $1.60 dividend on an annualized basis and a yield of 2.35%. Thor Industries’s dividend payout ratio is presently 30.89%.
In related news, insider Robert W. Martin purchased 10,000 shares of Thor Industries stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average price of $58.82 per share, for a total transaction of $588,200.00. Following the completion of the transaction, the insider now directly owns 220,175 shares in the company, valued at approximately $12,950,693.50. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.00% of the company’s stock.
Thor Industries Company 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.
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