SFE Investment Counsel lifted its stake in Thor Industries, Inc. (NYSE:THO) by 9.7% during the third quarter, HoldingsChannel reports. The fund owned 72,371 shares of the construction company’s stock after acquiring an additional 6,404 shares during the quarter. Thor Industries accounts for 2.3% of SFE Investment Counsel’s holdings, making the stock its 12th largest position. SFE Investment Counsel’s holdings in Thor Industries were worth $6,057,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of THO. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Thor Industries by 23.5% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 165,464 shares of the construction company’s stock valued at $13,849,000 after acquiring an additional 31,524 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Thor Industries by 4.5% during the third quarter. Arizona State Retirement System now owns 35,545 shares of the construction company’s stock worth $2,975,000 after buying an additional 1,521 shares during the period. Cim LLC boosted its position in shares of Thor Industries by 39.3% during the third quarter. Cim LLC now owns 5,177 shares of the construction company’s stock worth $433,000 after buying an additional 1,460 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Thor Industries by 11.1% during the third quarter. Oppenheimer & Co. Inc. now owns 34,328 shares of the construction company’s stock worth $2,873,000 after buying an additional 3,428 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Thor Industries by 41.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 105,200 shares of the construction company’s stock worth $8,805,000 after buying an additional 30,879 shares during the period. 88.97% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director James L. Ziemer purchased 5,000 shares of Thor Industries stock in a transaction that occurred on Tuesday, October 9th. The stock was purchased at an average cost of $81.74 per share, with a total value of $408,700.00. Following the completion of the transaction, the director now owns 14,000 shares of the company’s stock, valued at approximately $1,144,360. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.10% of the company’s stock.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Thursday, September 20th. The construction company reported $1.67 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.36). Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company posted $2.26 earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, research analysts forecast that Thor Industries, Inc. will post 8.38 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Thursday, October 25th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, October 24th. This is a boost from Thor Industries’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 2.29%. Thor Industries’s dividend payout ratio is 18.25%.
Several research analysts have recently weighed in on the company. ValuEngine raised Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 19th. Sidoti reduced their price objective on Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a research report on Friday, August 10th. Zacks Investment Research raised Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Northcoast Research reaffirmed a “buy” rating on shares of Thor Industries in a research report on Friday, August 17th. Finally, Citigroup reduced their price objective on Thor Industries from $130.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $118.57.
Thor Industries Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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