North Point Portfolio Managers Corp OH trimmed its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 1.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 144,775 shares of the construction company’s stock after selling 1,830 shares during the period. Thor Industries makes up about 3.1% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 6th biggest position. North Point Portfolio Managers Corp OH owned 0.28% of Thor Industries worth $18,229,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in THO. BlackRock Inc. lifted its holdings in shares of Thor Industries by 14,578.8% during the 1st quarter. BlackRock Inc. now owns 3,792,127 shares of the construction company’s stock worth $364,538,000 after acquiring an additional 3,766,293 shares during the period. Janus Henderson Group PLC bought a new position in shares of Thor Industries during the 2nd quarter worth about $128,458,000. Swedbank bought a new position in shares of Thor Industries during the 3rd quarter worth about $129,759,000. Capital Growth Management LP bought a new position in shares of Thor Industries during the 2nd quarter worth about $47,034,000. Finally, Chilton Investment Co. LLC bought a new position in shares of Thor Industries during the 2nd quarter worth about $37,692,000. 91.61% of the stock is owned by institutional investors.
Thor Industries, Inc. (NYSE THO) traded up 0.878% during midday trading on Wednesday, reaching $137.416. 193,240 shares of the company’s stock traded hands. Thor Industries, Inc. has a 52-week low of $74.00 and a 52-week high of $138.07. The stock has a 50-day moving average of $124.82 and a 200 day moving average of $107.48. The company has a market cap of $7.23 billion, a P/E ratio of 19.382 and a beta of 1.37.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The firm’s revenue was up 49.7% compared to the same quarter last year. On average, analysts anticipate that Thor Industries, Inc. will post $8.20 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th will be paid a $0.37 dividend. The ex-dividend date is Monday, October 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.09%. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio is currently 20.87%.
In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the transaction, the chairman now owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.60% of the company’s stock.
Several equities analysts recently issued reports on THO shares. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Wednesday, August 30th. BidaskClub downgraded shares of Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Robert W. Baird reissued a “buy” rating and set a $120.00 price target on shares of Thor Industries in a report on Friday, September 8th. BMO Capital Markets reissued a “hold” rating and set a $110.00 price target on shares of Thor Industries in a report on Friday, September 1st. Finally, SunTrust Banks, Inc. lifted their price target on shares of Thor Industries and gave the company a “buy” rating in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. Thor Industries presently has an average rating of “Buy” and an average target price of $120.97.
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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