Schwerin Boyle Capital Management Inc. held its stake in Thor Industries, Inc. (NYSE:THO) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,000 shares of the construction company’s stock at the end of the first quarter. Schwerin Boyle Capital Management Inc. owned approximately 0.16% of Thor Industries worth $7,883,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Thor Industries during the fourth quarter worth approximately $12,683,000. State Board of Administration of Florida Retirement System raised its stake in Thor Industries by 2.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 57,027 shares of the construction company’s stock valued at $5,706,000 after buying an additional 1,597 shares during the last quarter. Comerica Bank raised its stake in Thor Industries by 4.2% in the fourth quarter. Comerica Bank now owns 38,946 shares of the construction company’s stock valued at $4,007,000 after buying an additional 1,582 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Thor Industries by 31.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,231 shares of the construction company’s stock valued at $823,000 after buying an additional 1,949 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Thor Industries by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,085 shares of the construction company’s stock valued at $709,000 after buying an additional 21 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.
Shares of Thor Industries, Inc. (THO) traded up 1.33% on Monday, reaching $106.53. 659,959 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $96.20 and a 200 day moving average price of $100.31. Thor Industries, Inc. has a one year low of $60.05 and a one year high of $115.74. The firm has a market cap of $5.60 billion, a PE ratio of 16.62 and a beta of 1.31.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.24. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The firm’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 earnings per share. Analysts expect that Thor Industries, Inc. will post $6.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, June 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.24%. Thor Industries’s payout ratio is presently 20.63%.
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THO has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $110.00 price target (up from $97.00) on shares of Thor Industries in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Thursday. 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. Wunderlich upped their price objective on shares of Thor Industries from $80.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, March 7th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $111.00 price objective (down from $117.00) on shares of Thor Industries in a report on Saturday, April 22nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Thor Industries currently has a consensus rating of “Buy” and a consensus target price of $110.18.
In other news, Director Alan Siegel sold 1,000 shares of Thor Industries 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 sale, the director now directly owns 5,988 shares of the company’s stock, valued at $617,901.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.
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