Oppenheimer & Co. Inc. bought a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the first quarter, according to its most recent filing with the SEC. The fund bought 3,603 shares of the construction company’s stock, valued at approximately $346,000.
Several other institutional investors have also recently bought and sold shares of THO. FMR LLC purchased a new position in Thor Industries during the fourth quarter valued at $3,132,000. Credit Agricole S A purchased a new position in Thor Industries during the fourth quarter valued at $1,861,000. Teachers Retirement System of The State of Kentucky raised its position in Thor Industries by 5.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 12,000 shares of the construction company’s stock valued at $1,201,000 after buying an additional 600 shares during the period. Thrivent Financial for Lutherans raised its position in Thor Industries by 8.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,140 shares of the construction company’s stock valued at $814,000 after buying an additional 650 shares during the period. Finally, Putnam Investments LLC raised its position in Thor Industries by 0.3% in the fourth quarter. Putnam Investments LLC now owns 40,733 shares of the construction company’s stock valued at $4,075,000 after buying an additional 139 shares during the period. 90.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Thor Industries, Inc. (NYSE THO) traded down 1.13% on Friday, hitting $105.39. 367,246 shares of the stock traded hands. Thor Industries, Inc. has a 12 month low of $74.00 and a 12 month high of $115.74. The firm’s 50 day moving average is $105.38 and its 200-day moving average is $100.86. The company has a market cap of $5.54 billion, a PE ratio of 16.45 and a beta of 1.40.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.24. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The firm’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 EPS. Equities analysts predict that Thor Industries, Inc. will post $6.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Friday, June 23rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Wednesday, June 21st. Thor Industries’s dividend payout ratio is presently 20.63%.
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Several equities analysts have recently weighed in on THO shares. SunTrust Banks, Inc. set a $125.00 target price on shares of Thor Industries and gave the company a “buy” rating in a report on Thursday, April 20th. Citigroup Inc. reissued a “buy” rating and issued a $111.00 price target (down previously from $117.00) on shares of Thor Industries in a report on Saturday, April 22nd. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Wednesday, May 10th. BMO Capital Markets reissued a “market perform” rating and issued a $110.00 price target (up previously from $97.00) on shares of Thor Industries in a report on Tuesday, June 6th. Finally, Off Wall Street initiated coverage on shares of Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Thor Industries presently has a consensus rating of “Buy” and a consensus price target of $107.06.
In related news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the completion of the sale, the director now owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.60% of the company’s stock.
Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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