Thor Industries, Inc. (THO) Stake Decreased by BTC Capital Management Inc.

BTC Capital Management Inc. lowered its position in Thor Industries, Inc. (NYSE:THO) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,329 shares of the construction company’s stock after selling 687 shares during the quarter. BTC Capital Management Inc.’s holdings in Thor Industries were worth $1,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Huntington National Bank raised its stake in shares of Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after acquiring an additional 443 shares during the period. Penserra Capital Management LLC purchased a new position in Thor Industries in the 2nd quarter worth about $104,000. Sterling Investment Advisors Ltd. purchased a new position in Thor Industries in the 2nd quarter worth about $105,000. Fiduciary Trust Co. purchased a new position in Thor Industries in the 2nd quarter worth about $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Thor Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after buying an additional 151 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on the stock. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a research report on Wednesday, August 16th. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, August 30th. BidaskClub raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Aegis reissued a “hold” rating and set a $130.00 target price (up previously from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. Finally, Northcoast Research reissued a “buy” rating and set a $145.00 target price (up previously from $134.00) on shares of Thor Industries in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $120.97.

In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the transaction, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is owned by company insiders.

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Thor Industries, Inc. (NYSE:THO) traded up $0.56 during mid-day trading on Tuesday, reaching $130.45. 495,500 shares of the company were exchanged, compared to its average volume of 698,523. The firm has a market cap of $6,844.47, a PE ratio of 18.32 and a beta of 1.42. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.09. Thor Industries, Inc. has a one year low of $82.91 and a one year high of $138.07.

Thor Industries (NYSE:THO) last released its earnings results on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.31. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. Thor Industries’s revenue for the quarter was up 49.7% on a year-over-year basis. During the same period last year, the business earned $1.57 EPS. sell-side analysts anticipate that Thor Industries, Inc. will post 8.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, October 23rd. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. Thor Industries’s dividend payout ratio (DPR) is 20.87%.

Thor Industries 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.

Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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