Schechter Investment Advisors LLC Reduces Stock Position in Thor Industries, Inc. (NYSE:THO)

Schechter Investment Advisors LLC lessened its stake in Thor Industries, Inc. (NYSE:THO) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,673 shares of the construction company’s stock after selling 276 shares during the period. Schechter Investment Advisors LLC’s holdings in Thor Industries were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its stake in Thor Industries by 4.2% in the first quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the construction company’s stock valued at $270,000 after acquiring an additional 145 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Thor Industries by 0.6% in the first quarter. Principal Financial Group Inc. now owns 122,374 shares of the construction company’s stock valued at $9,277,000 after acquiring an additional 755 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Thor Industries by 7.5% in the first quarter. Oppenheimer & Co. Inc. now owns 3,281 shares of the construction company’s stock valued at $249,000 after acquiring an additional 228 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Thor Industries by 33.5% in the first quarter. QRG Capital Management Inc. now owns 20,453 shares of the construction company’s stock valued at $1,551,000 after acquiring an additional 5,136 shares in the last quarter. Finally, Amundi boosted its stake in Thor Industries by 26.2% in the fourth quarter. Amundi now owns 4,354 shares of the construction company’s stock valued at $415,000 after acquiring an additional 905 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analysts Set New Price Targets

THO has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Robert W. Baird downgraded shares of Thor Industries from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $100.00 to $85.00 in a research note on Friday, April 4th. DA Davidson upgraded shares of Thor Industries to a “hold” rating in a research note on Monday, April 14th. KeyCorp increased their target price on shares of Thor Industries from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday, May 30th. Finally, Baird R W downgraded shares of Thor Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $87.63.

Insider Transactions at Thor Industries

In other news, Director Peter Busch Orthwein purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average cost of $85.40 per share, with a total value of $256,200.00. Following the completion of the acquisition, the director directly owned 136,400 shares of the company’s stock, valued at approximately $11,648,560. This trade represents a 2.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Thor Industries Trading Down 3.4%

NYSE THO opened at $89.02 on Wednesday. The stock has a market capitalization of $4.74 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.90 and a beta of 1.21. Thor Industries, Inc. has a 52-week low of $63.16 and a 52-week high of $118.85. The firm has a 50-day moving average price of $85.63 and a 200 day moving average price of $86.91. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.74. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. Equities research analysts expect that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 2.25%. Thor Industries’s dividend payout ratio is currently 47.96%.

Thor Industries declared that its board has initiated a stock repurchase program on Monday, June 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the construction company to purchase up to 8.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Thor Industries Profile

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.