Quantinno Capital Management LP Has $2.35 Million Position in THOR Industries, Inc. (NYSE:THO)

Quantinno Capital Management LP boosted its position in shares of THOR Industries, Inc. (NYSE:THO) by 82.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,346 shares of the construction company’s stock after purchasing an additional 9,666 shares during the quarter. Quantinno Capital Management LP’s holdings in THOR Industries were worth $2,346,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after purchasing an additional 246 shares during the period. Tortoise Investment Management LLC lifted its stake in THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after buying an additional 124 shares in the last quarter. Quarry LP bought a new position in THOR Industries in the second quarter valued at approximately $28,000. Van ECK Associates Corp bought a new position in THOR Industries in the third quarter valued at approximately $32,000. Finally, Blue Trust Inc. lifted its stake in THOR Industries by 548.1% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after buying an additional 285 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Insider Activity

In other news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the transaction, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on THO. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. DA Davidson reissued a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Citigroup boosted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, StockNews.com lowered shares of THOR Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $110.80.

THOR Industries Price Performance

Shares of THO opened at $106.63 on Wednesday. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 27.27 and a beta of 1.67. The company’s fifty day simple moving average is $108.94 and its 200 day simple moving average is $102.94. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.33. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 earnings per share. On average, research analysts forecast that THOR Industries, Inc. will post 4.71 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.50 dividend. The ex-dividend date was Friday, November 1st. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 1.88%. THOR Industries’s dividend payout ratio is presently 51.15%.

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. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.