Janus Henderson Group PLC bought a new stake in Thor Industries, Inc. (NYSE:THO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,229,032 shares of the construction company’s stock, valued at approximately $128,458,000. Janus Henderson Group PLC owned about 2.34% of Thor Industries as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank grew its holdings in Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after purchasing an additional 443 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in shares of Thor Industries during the second quarter valued at $105,000. Fiduciary Trust Co. acquired a new stake in shares of Thor Industries during the second quarter valued at $133,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Thor Industries by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after acquiring an additional 151 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Thor Industries by 7.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,746 shares of the construction company’s stock valued at $182,000 after acquiring an additional 125 shares during the last quarter. 89.40% of the stock is currently owned by institutional investors.
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In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.60% of the company’s stock.
THO has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a research note on Wednesday, August 16th. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, August 30th. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Aegis reiterated a “hold” rating and set a $130.00 target price (up from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. Finally, Northcoast Research reiterated a “buy” rating and set a $145.00 target price (up from $134.00) on shares of Thor Industries in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $119.74.
Shares of Thor Industries, Inc. (THO) traded down 0.04% during midday trading on Wednesday, reaching $129.77. The company’s stock had a trading volume of 22,669 shares. The stock’s 50-day moving average is $117.65 and its 200 day moving average is $104.12. The stock has a market capitalization of $6.82 billion, a P/E ratio of 20.25 and a beta of 1.37. Thor Industries, Inc. has a 12 month low of $74.00 and a 12 month high of $130.67.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.31. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The firm’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share. On average, analysts expect that Thor Industries, Inc. will post $8.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th will be paid a $0.37 dividend. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date is Monday, October 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. Thor Industries’s payout ratio is currently 18.62%.
About Thor Industries
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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