Eqis Capital Management Inc. lowered its position in Thor Industries, Inc. (NYSE:THO) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,341 shares of the construction company’s stock after selling 528 shares during the period. Eqis Capital Management Inc.’s holdings in Thor Industries were worth $413,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. FMR LLC grew its holdings in Thor Industries by 328.1% during the 2nd quarter. FMR LLC now owns 77,886 shares of the construction company’s stock valued at $8,297,000 after buying an additional 59,691 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Thor Industries by 1.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 110,100 shares of the construction company’s stock valued at $10,488,000 after buying an additional 1,580 shares during the last quarter. First Trust Advisors LP grew its holdings in Thor Industries by 253.5% during the 2nd quarter. First Trust Advisors LP now owns 159,904 shares of the construction company’s stock valued at $17,035,000 after buying an additional 114,668 shares during the last quarter. Comerica Bank grew its holdings in Thor Industries by 4.5% during the 2nd quarter. Comerica Bank now owns 35,997 shares of the construction company’s stock valued at $4,245,000 after buying an additional 1,556 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Thor Industries by 132.9% during the 2nd quarter. AQR Capital Management LLC now owns 24,880 shares of the construction company’s stock valued at $2,650,000 after buying an additional 14,197 shares during the last quarter. Hedge funds and other institutional investors own 95.32% of the company’s stock.
THO has been the topic of a number of analyst reports. BMO Capital Markets increased their target price on Thor Industries from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, September 29th. Truist reduced their price target on Thor Industries from $125.00 to $120.00 in a research note on Monday, September 14th. Northcoast Research raised Thor Industries from a “neutral” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Friday, September 25th. Finally, ValuEngine lowered Thor Industries from a “hold” rating to a “sell” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Thor Industries has a consensus rating of “Buy” and a consensus target price of $105.20.
Shares of THO opened at $93.24 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $5.16 billion, a P/E ratio of 23.25 and a beta of 2.43. The stock’s fifty day simple moving average is $91.61 and its 200 day simple moving average is $97.17. Thor Industries, Inc. has a twelve month low of $32.30 and a twelve month high of $121.33.
Thor Industries (NYSE:THO) last issued its earnings results on Saturday, October 3rd. The construction company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.76. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.28 billion. Thor Industries had a return on equity of 12.18% and a net margin of 2.73%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. Sell-side analysts predict that Thor Industries, Inc. will post 6.57 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 6th. Shareholders of record on Friday, October 23rd were given a $0.41 dividend. The ex-dividend date was Thursday, October 22nd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 1.76%. Thor Industries’s dividend payout ratio (DPR) is 34.60%.
About Thor Industries
Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; 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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