Private Trust Co. NA acquired a new position in Thor Industries, Inc. (NYSE:THO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,627 shares of the company’s stock, valued at approximately $829,000.
A number of other institutional investors have also recently made changes to their positions in THO. Peregrine Capital Management LLC purchased a new position in shares of Thor Industries during the third quarter worth approximately $13,473,000. Capital Fund Management S.A. increased its position in shares of Thor Industries by 99.7% in the third quarter. Capital Fund Management S.A. now owns 33,346 shares of the company’s stock worth $2,824,000 after buying an additional 16,646 shares during the last quarter. Financial Enhancement Group LLC increased its position in shares of Thor Industries by 5.0% in the third quarter. Financial Enhancement Group LLC now owns 60,622 shares of the company’s stock worth $5,135,000 after buying an additional 2,891 shares during the last quarter. Emerald Advisers Inc. PA purchased a new position in shares of Thor Industries during the third quarter worth approximately $1,660,000. Finally, Texas Permanent School Fund increased its position in shares of Thor Industries by 4.2% in the third quarter. Texas Permanent School Fund now owns 36,383 shares of the company’s stock worth $3,082,000 after buying an additional 1,471 shares during the last quarter. Institutional investors own 87.58% of the company’s stock.
Thor Industries, Inc. (NYSE:THO) traded up 1.02% during trading on Thursday, hitting $90.36. 450,651 shares of the stock were exchanged. Thor Industries, Inc. has a one year low of $60.05 and a one year high of $115.74. The stock’s 50 day moving average is $100.34 and its 200-day moving average is $96.22. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 15.62 and a beta of 1.25.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, March 6th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.01. Thor Industries had a net margin of 5.41% and a return on equity of 23.74%. The business earned $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company earned $0.97 earnings per share. The business’s quarterly revenue was up 62.9% compared to the same quarter last year. On average, equities research analysts expect that Thor Industries, Inc. will post $6.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Thursday, March 30th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, March 28th. Thor Industries’s payout ratio is currently 24.44%.
A number of equities analysts have commented on the stock. Wunderlich upped their price objective 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. Robert W. Baird upgraded shares of Thor Industries from a “neutral” rating to an “outperform” rating and set a $120.00 price objective for the company in a research report on Wednesday, February 8th. Argus upped their price objective on shares of Thor Industries to $115.00 and gave the stock a “buy” rating in a research report on Friday, January 6th. Finally, Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a research report on Friday, March 10th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $100.96.
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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