Balter Liquid Alternatives LLC acquired a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,612 shares of the construction company’s stock, valued at approximately $443,000.
Other large investors also recently made changes to their positions in the company. Gideon Capital Advisors Inc. bought a new stake in shares of Thor Industries during the fourth quarter valued at about $671,000. Rafferty Asset Management LLC bought a new position in shares of Thor Industries during the fourth quarter worth about $710,000. Sii Investments Inc. WI increased its position in shares of Thor Industries by 6.2% in the fourth quarter. Sii Investments Inc. WI now owns 6,199 shares of the construction company’s stock worth $621,000 after buying an additional 364 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Thor Industries by 8.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,223 shares of the construction company’s stock worth $2,624,000 after buying an additional 2,028 shares during the last quarter. Finally, FMR LLC bought a new position in shares of Thor Industries during the fourth quarter worth about $3,132,000. Institutional investors and hedge funds own 91.52% of the company’s stock.
Thor Industries, Inc. (THO) traded up 1.33% on Monday, hitting $106.53. 659,959 shares of the company were exchanged. Thor Industries, Inc. has a 52-week low of $60.05 and a 52-week high of $115.74. The stock has a market capitalization of $5.60 billion, a P/E ratio of 16.62 and a beta of 1.31. The stock’s 50-day moving average price is $96.20 and its 200-day moving average price is $100.31.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The business’s revenue for the quarter was up 56.9% compared to the same quarter last year. On average, equities research analysts anticipate that Thor Industries, Inc. will post $6.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.24%. Thor Industries’s dividend payout ratio (DPR) is 20.63%.
A number of analysts have recently weighed in on the stock. Wunderlich upped their target price on shares of Thor Industries from $80.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, March 7th. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Citigroup Inc. restated a “buy” rating and set a $118.00 target price (up previously from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. BMO Capital Markets restated a “market perform” rating and set a $110.00 target price (up previously from $97.00) on shares of Thor Industries in a research note on Tuesday, June 6th. Finally, SunTrust Banks, Inc. set a $125.00 price objective on shares of Thor Industries and gave the stock a “buy” rating in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $110.18.
In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $103.19, for a total value of $103,190.00. Following the completion of the transaction, the director now directly owns 5,988 shares of the company’s stock, valued at $617,901.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.60% of the company’s stock.
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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