Thor Industries, Inc. (THO) Position Decreased by Bahl & Gaynor Inc.

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Bahl & Gaynor Inc. lessened its stake in shares of Thor Industries, Inc. (NYSE:THO) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,787 shares of the construction company’s stock after selling 1,135 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Thor Industries were worth $1,818,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Swedbank increased its stake in Thor Industries by 54.3% in the 1st quarter. Swedbank now owns 1,588,000 shares of the construction company’s stock valued at $182,890,000 after buying an additional 558,772 shares during the period. Capital Growth Management LP grew its stake in shares of Thor Industries by 405.6% during the 4th quarter. Capital Growth Management LP now owns 455,000 shares of the construction company’s stock worth $68,578,000 after purchasing an additional 365,000 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Thor Industries by 64.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 662,552 shares of the construction company’s stock worth $99,860,000 after purchasing an additional 258,705 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Thor Industries by 113.4% during the 1st quarter. Wedge Capital Management L L P NC now owns 412,712 shares of the construction company’s stock worth $47,532,000 after purchasing an additional 219,287 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Thor Industries by 54.1% during the 4th quarter. Renaissance Technologies LLC now owns 618,300 shares of the construction company’s stock worth $93,190,000 after purchasing an additional 217,018 shares during the period. Institutional investors and hedge funds own 88.68% of the company’s stock.

THO traded down $2.63 on Friday, reaching $102.22. 60,130 shares of the company’s stock were exchanged, compared to its average volume of 1,566,596. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 1.67. Thor Industries, Inc. has a twelve month low of $89.89 and a twelve month high of $161.48. The company has a market cap of $5.52 billion, a PE ratio of 14.45 and a beta of 1.30.

Thor Industries announced that its board has authorized a share repurchase program on Wednesday, June 20th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to buy up to 4.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Monday, July 2nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, June 29th. Thor Industries’s dividend payout ratio (DPR) is 20.87%.

THO has been the topic of a number of recent analyst reports. Northcoast Research reaffirmed a “hold” rating on shares of Thor Industries in a research note on Tuesday, February 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $142.00 price target (up from $132.00) on shares of Thor Industries in a research note on Thursday, March 8th. Aegis raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Thursday, March 8th. They noted that the move was a valuation call. Argus raised shares of Thor Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 16th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised shares of Thor Industries from a “market perform” rating to an “outperform” rating and set a $102.00 price objective on the stock in a research note on Tuesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Thor Industries has a consensus rating of “Hold” and an average target price of $121.33.

Thor Industries Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

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

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