Thor Industries, Inc. (THO) Stake Lowered by Penserra Capital Management LLC

Penserra Capital Management LLC cut its holdings in Thor Industries, Inc. (NYSE:THO) by 14.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,453 shares of the construction company’s stock after selling 606 shares during the quarter. Penserra Capital Management LLC’s holdings in Thor Industries were worth $434,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. World Asset Management Inc increased its position in shares of Thor Industries by 0.8% in the second quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock valued at $392,000 after buying an additional 29 shares in the last quarter. FMR LLC increased its position in shares of Thor Industries by 0.4% during the second quarter. FMR LLC now owns 8,046 shares of the construction company’s stock worth $841,000 after purchasing an additional 30 shares in the last quarter. Somerset Trust Co increased its position in shares of Thor Industries by 0.8% during the second quarter. Somerset Trust Co now owns 6,697 shares of the construction company’s stock worth $700,000 after purchasing an additional 56 shares in the last quarter. Bbva Compass Bancshares Inc. increased its position in shares of Thor Industries by 0.6% during the second quarter. Bbva Compass Bancshares Inc. now owns 14,956 shares of the construction company’s stock worth $1,564,000 after purchasing an additional 82 shares in the last quarter. Finally, Barnett & Company Inc. increased its position in shares of Thor Industries by 0.9% during the second quarter. Barnett & Company Inc. now owns 10,740 shares of the construction company’s stock worth $1,123,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 91.61% of the company’s stock.

Thor Industries, Inc. (NYSE:THO) opened at 136.22 on Wednesday. Thor Industries, Inc. has a 52 week low of $74.00 and a 52 week high of $136.37. The stock has a 50 day moving average price of $124.82 and a 200 day moving average price of $107.48. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 19.21 and a beta of 1.37.

Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The firm’s revenue for the quarter was up 49.7% compared to the same quarter last year. Equities research analysts expect that Thor Industries, Inc. will post $8.20 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th will be issued a $0.37 dividend. The ex-dividend date is Monday, October 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.09%. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio (DPR) is presently 20.87%.

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Several analysts recently commented on the company. Robert W. Baird reiterated a “buy” rating and set a $136.00 price target on shares of Thor Industries in a research report on Wednesday. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Stifel Nicolaus reiterated a “hold” rating and set a $114.00 price target (up from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. BMO Capital Markets reiterated a “market perform” rating and set a $135.00 price target (up from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. Finally, Aegis reiterated a “hold” rating and set a $130.00 price target (up from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $120.97.

In related news, Chairman Peter Busch Orthwein sold 2,784 shares of Thor Industries stock in a transaction 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 transaction, the chairman now owns 1,396,352 shares in the company, valued at $160,580,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is currently owned by company insiders.

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

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