Thor Industries, Inc. (THO) Position Increased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its position in shares of Thor Industries, Inc. (NYSE:THO) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,500 shares of the construction company’s stock after buying an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Thor Industries were worth $1,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. LS Investment Advisors LLC boosted its position in Thor Industries by 13.8% in the second quarter. LS Investment Advisors LLC now owns 4,865 shares of the construction company’s stock worth $508,000 after buying an additional 591 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Thor Industries by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 17,536 shares of the construction company’s stock worth $1,833,000 after buying an additional 755 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its position in Thor Industries by 22.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,967 shares of the construction company’s stock worth $206,000 after buying an additional 367 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Thor Industries by 172.5% in the second quarter. CENTRAL TRUST Co now owns 9,656 shares of the construction company’s stock worth $1,009,000 after buying an additional 6,113 shares during the period. Finally, James Investment Research Inc. raised its stake in shares of Thor Industries by 401.0% in the second quarter. James Investment Research Inc. now owns 16,910 shares of the construction company’s stock worth $1,767,000 after buying an additional 13,535 shares during the period. 90.70% of the stock is currently owned by institutional investors.

Shares of Thor Industries, Inc. (NYSE:THO) opened at 104.19 on Monday. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 16.26 and a beta of 1.40. The company’s 50 day moving average is $104.07 and its 200-day moving average is $100.67. Thor Industries, Inc. has a 1-year low of $73.61 and a 1-year high of $115.74.

Thor Industries (NYSE:THO) last announced its earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.87 by $0.24. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company’s revenue was up 56.9% on a year-over-year basis. During the same period last year, the business posted $1.51 EPS. Equities analysts anticipate that Thor Industries, Inc. will post $6.76 earnings per share 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 issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $1.32 annualized dividend and a dividend yield of 1.27%. Thor Industries’s payout ratio is currently 20.63%.

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A number of brokerages have issued reports on THO. Stifel Nicolaus began coverage on shares of Thor Industries in a research note on Thursday, July 6th. They set a “hold” rating and a $110.00 price target on the stock. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price target on shares of Thor Industries in a research note on Thursday, July 13th. Citigroup Inc. reiterated a “buy” rating and set a $118.00 price target (up from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, Off Wall Street began coverage on shares of Thor Industries in a research note on Thursday, June 29th. They set a “sell” rating and a $75.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $107.06.

In related news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $103.19, for a total transaction of $103,190.00. Following the sale, the director now directly owns 5,988 shares in the company, valued at approximately $617,901.72. The sale was disclosed in a document filed with the SEC, which is accessible through 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.

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

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