Nuveen Asset Management LLC Lowers Position in Thor Industries, Inc. (THO)

Nuveen Asset Management LLC decreased its stake in shares of Thor Industries, Inc. (NYSE:THO) by 21.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,193 shares of the construction company’s stock after selling 3,978 shares during the period. Nuveen Asset Management LLC’s holdings in Thor Industries were worth $1,364,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of THO. Somerset Trust Co raised its position in shares of Thor Industries by 0.4% in the first quarter. Somerset Trust Co now owns 6,641 shares of the construction company’s stock valued at $639,000 after buying an additional 25 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of Thor Industries by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,400 shares of the construction company’s stock valued at $1,865,000 after buying an additional 100 shares during the last quarter. Atria Investments LLC raised its position in shares of Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock valued at $213,000 after buying an additional 128 shares during the last quarter. USA Financial Portformulas Corp raised its position in shares of Thor Industries by 2.4% in the fourth quarter. USA Financial Portformulas Corp now owns 5,743 shares of the construction company’s stock valued at $575,000 after buying an additional 134 shares during the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Thor Industries by 4.7% in the first quarter. Raymond James Trust N.A. now owns 3,237 shares of the construction company’s stock valued at $311,000 after buying an additional 146 shares during the last quarter. 90.55% of the stock is currently owned by institutional investors.

Shares of Thor Industries, Inc. (NYSE:THO) opened at 104.79 on Thursday. The firm has a market capitalization of $5.51 billion, a P/E ratio of 16.35 and a beta of 1.40. Thor Industries, Inc. has a 52 week low of $73.59 and a 52 week high of $115.74. The firm has a 50-day moving average of $103.65 and a 200 day moving average of $100.63.

Thor Industries (NYSE:THO) last posted its earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.24. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The company’s revenue was up 56.9% on a year-over-year basis. During the same period last year, the firm posted $1.51 EPS. On average, equities research analysts expect that Thor Industries, Inc. will post $6.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Friday, June 23rd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Wednesday, June 21st. Thor Industries’s dividend payout ratio (DPR) is 20.63%.

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Several brokerages recently issued reports on THO. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Thursday, June 8th. Off Wall Street began coverage on shares of Thor Industries in a report on Thursday, June 29th. They set a “sell” rating and a $75.00 price objective on the stock. BMO Capital Markets reissued a “hold” rating and set a $110.00 price objective on shares of Thor Industries in a report on Thursday, July 13th. SunTrust Banks, Inc. set a $125.00 price objective on shares of Thor Industries and gave the company a “buy” rating in a report on Thursday, April 20th. Finally, Stifel Nicolaus began coverage on shares of Thor Industries in a report on Thursday, July 6th. They set a “hold” rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $107.06.

In related news, Director Alan Siegel sold 1,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the transaction, the director now directly owns 4,988 shares of the company’s stock, valued at approximately $545,936.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.60% of the company’s stock.

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.

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

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